Upcoming Mutual Fund NFOs: 5 new fund offers to open this week; check dates and minimum investment

Upcoming Mutual Fund NFOs: Five new mutual fund New Fund Offers (NFOs) are set to open for subscription in the last week of July. The new offerings include four Exchange Traded Funds (ETFs) and one Fund of Funds (FoF). Investors looking to start investing in mutual fund NFOs can check the subscription dates, minimum investment amount and other details of the five schemes opening between July 27 and July 31.

Invesco India Nifty Bank ETF

The Invesco India Nifty Bank ETF will open for subscription on July 28 and close on August 11. The minimum investment amount is Rs 5,000. The ETF will track the Nifty Bank Index, providing investors with an opportunity to invest in the banking sector.

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Invesco India BSE Sensex ETF

The Invesco India BSE Sensex ETF will also open for subscription on July 28 and close on August 11. The minimum investment amount is Rs 5,000.

The scheme will track the BSE Sensex Index, giving investors exposure to 30 major companies.

SBI Nifty Midcap 150 Momentum 50 ETF FoF

The SBI Nifty Midcap 150 Momentum 50 ETF FoF will open for subscription on July 27 and close on August 5. The minimum investment amount is Rs 5,000.

This Fund of Funds (FoF) will invest in the SBI Nifty Midcap 150 Momentum 50 ETF. Its focus will be on a momentum-based portfolio of midcap companies.

DSP BSE MidSmall Private Banks ETF

The DSP BSE MidSmall Private Banks ETF will open for subscription on July 28 and close on July 30. The minimum investment amount is Rs 5,000.

The ETF will provide an opportunity to invest in mid-sized and small-sized private banking stocks.

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Edelweiss BSE LargeMid (60:40) Stable Dividend 50 ETF

The Edelweiss BSE LargeMid (60:40) Stable Dividend 50 ETF will open for subscription on July 27 and close on July 29. The minimum investment amount is Rs 5,000.

The ETF will track an index based on companies with a stable dividend record. The portfolio will have a 60:40 allocation between large-cap and mid-cap stocks.

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