New Fund Offers This Week: Index, Momentum And Sector Funds In Focus
There are 18 New Fund Offers open during the first week of December, most launches have been under the index fund category while quite a few theme based schemes are also open.
This week's new fund offerings are spread through Index, momentum and sectoral funds. With 18 new fund offers open during the first week of December, most launches have been under the index fund category, while quite a few theme based schemes are also open.
Investors have poured money into NFOs in hopes of early entrance into specific themes and a certain cost advantage. Amid the buzz and thrill around these new launches, it is important to note that the promised cost advantage due to the lower net asset value may not translate into significant gains.
Opening Today
Kotak Nifty 100 Equal Weight Index Fund
Open: Dec. 2 to Dec. 16.
Minimum Subscription Fee: Rs 100.
Category: Index Funds.
Investing Objective: The scheme will be replicating/tracking the Nifty 100 equal weight index.
Kotak Nifty 50 Equal Weight Index Fund
Open: Dec. 2 to Dec. 16.
Minimum Subscription Fee: Rs 100.
Category: Index Funds.
Investing Objective: The scheme will be replicating/tracking the Nifty 50 equal weight index.
Quantum Ethical Fund
Open: Dec. 2 to Dec. 16.
Minimum Subscription Fee: Rs 500.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in equities of companies that follow an ethical set of principles.
Tata Fixed Maturity Plan Series 61 Scheme D (91 Days)
Open: Dec. 2 to Dec. 4.
Minimum Subscription Fee: Rs 5,000.
Category: Income.
Investing Objective: The scheme will be investing in Fixed Income Instruments having maturity in line with the maturity of the scheme. The maturity of all investments shall be equal to or less than the maturity of the scheme.
Closing Today
ICICI Prudential Equity Minimum Variance Fund
Open: Nov. 18 to Dec. 2.
Minimum Subscription Fee: Rs 5,000.
Category: Sectoral/Thematic.
Investing Objective: To generate long term capital appreciation by investing in equity related instruments through a diversified basket with an aim to minimise the portfolio volatility.
Mirae Asset Long Duration Fund
Open: Nov. 21 to Dec. 2.
Minimum Subscription Fee: Rs 5,000.
Category: Long Duration Fund.
Investing Objective: The scheme will invest in a range of debt and money market instruments, such that the Macaulay duration of the portfolio is greater than seven years.
Shriram Multi Sector Rotation Fund
Open: Nov. 18 to Dec. 2.
Minimum Subscription Fee: Rs 500.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in equity and equity derivatives of specific sectors that are trending due to better earnings expectation. Allocation in sectors will be decided by the in-house proprietary quantitative model and fundamental analysis.
Open This Week
PGIM India Healthcare Fund
Open: Nov. 19 to Dec. 3.
Minimum Subscription Fee: Rs 5,000.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in equity and equity related securities of pharmaceutical and healthcare companies.
Franklin India Long Duration Fund
Open: Nov. 20 to Dec. 4.
Minimum Subscription Fee: Rs 5,000.
Category: Long Duration Funds.
Investing Objective: The scheme will invest in debt and money market instruments, such that the Macaulay duration of the scheme portfolio is greater than seven years.
HDFC Nifty India Digital Index Fund
Open: Nov. 22 to Dec. 6.
Minimum Subscription Fee: Rs 100.
Category: Index Fund.
Investing Objective: The scheme will invest in equities in the digital theme to replicate the returns of Nifty India Digital Index.
Axis Momentum Fund
Open: Nov. 22 to Dec. 6.
Minimum Subscription Fee: Rs 100.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in equities with strong momentum. Selection of securities will be based on a quantitative model that will aim to maximise momentum exposure.
Tata BSE Select Business Groups Index Fund
Open: Nov. 25 to Dec. 9.
Minimum Subscription Fee: Rs 5,000.
Category: Index Funds.
Investing Objective: The scheme will invest in equities that will deliver returns replicating the BSE Select Business Groups Index.
Motilal Oswal Nifty Capital Market Index Fund
Open: Nov. 26 to Dec. 10.
Minimum Subscription Fee: Rs 500.
Category: Index Funds.
Investing Objective: The scheme will invest in equities that are represented in the Nifty Capital Market Total Return Index.
Groww Multicap Fund
Open: Nov. 26 to Dec. 10.
Minimum Subscription Fee: Rs 100.
Category: Multi cap Fund.
Investing Objective: The scheme will invest in equity and equity-related instruments of large, mid and small-cap companies.
Invesco India Multi Asset Allocation Fund
Open: Nov. 27 to Dec. 11.
Minimum Subscription Fee: Rs 5,000.
Category: Multi-asset Allocation.
Investing Objective: The scheme will invest across mutiple asset categories to generate stable long term returns.
DSP Business Cycle Fund
Open: Nov. 27 to Dec. 11.
Minimum Subscription Fee: Rs 100.
Category: Sectoral/Thematic.
Investing Objective: The scheme will focus on riding business cycles through dynamic allocation across various sectors, themes and stocks at different stages of business cycle.
Union Active Momentum Fund
Open: Nov. 28 to Dec. 12.
Minimum Subscription Fee: Rs 1,000.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in stocks based on the momentum in price that is based on past performance and elimination.
Bank of India Consumption Fund
Open: Nov. 29 to Dec. 13.
Minimum Subscription Fee: Rs 5,000.
Category: Sectoral/Thematic.
Investing Objective: The scheme will invest in equities of companies engaged in consumption and consumption related sector, along with broader themes.
