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Mutual Fund Update: List of NFOs open for subscription this week

Siddhi Sharma
/ Categories: Trending, Mutual Fund, MF NFO
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Mutual Fund Update: List of NFOs open for subscription this week

This week there are four mutual funds open for subscription. Out of this, three are open-ended schemes and one closed-ended scheme. Out of four open-ended schemes, there are two Fund of Funds and out of the remaining two, one is an index fund and the other one is a fixed maturity plan. 

However, following mutual fund schemes does not assure that the investment objective of the scheme will be achieved. 

Scheme Name

Type

Category

Open date

Closing Date

Objective of the scheme (As per AMFI)

ICICI Prudential NASDAQ 100 Index Fund

Open-ended

Other Scheme- Index Funds

27-Sep-2021

11-Oct-2021

The objective of the Scheme is to invest in companies whose securities are included in NASDAQ-100 Index® and subject to tracking errors, to endeavor to achieve the returns of the above index.

Motilal Oswal 5 Year G-Sec Fund of Fund

Open-ended

Other Scheme- FoF Domestic

24-Sep-2021

30-Sep-2021

The investment objective of the Scheme is to seek returns by investing in units of Motilal Oswal 5 Year G-Sec ETF.

SBI Fixed Maturity Plan (FMP) - Series 52 (1848 Days)

Closed-ended

Income

24-Sep-2021

27-Sep-2021

The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme.

HDFC Developed World Indexes Fund of Funds

Open-ended

Other Scheme-FoF Overseas

17-Sep-2021

1-Oct-2021

The investment objective of the Scheme is to provide long-term capital appreciation by passively investing in units/shares of overseas Index Funds and/or ETFs which will in aggregate closely correspond to the MSCI World Index, subject to tracking errors.

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