Mutual Fund Update: List of NFOs open for subscription this week
This week there are eight mutual funds open for subscription. There are seven open-ended schemes and one closed-ended scheme. Out of eight mutual fund schemes, three schemes are offered by Aditya Birla Sun Life Mutual Fund, two are offered by ICICI Prudential Mutual Fund, remaining three schemes are offered by DSP Mutual Fund, ITI Mutual Fund and NJ Mutual Fund. However, the following mutual fund schemes do not assure that the investment objective of the same will be achieved.
The table below lists down the funds that are open for subscription:
|
Scheme Name
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Type
|
Category
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Launch Date
|
Closure Date
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Objective of the scheme (as per AMFI)
|
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Aditya Birla Sun Life Fixed Term Plan - Series TM (1842 days)
|
Closed-ended
|
Income
|
13th Oct 2021
|
27th Oct 2021
|
The scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme.
|
|
Aditya Birla Sun Life Nasdaq 100 FOF
|
Open-ended
|
Other scheme-FoF Overseas
|
15th Oct 2021
|
29th Oct 2021
|
The investment objective of the scheme is to provide long-term capital appreciation by investing in units of overseas ETFs and/or Index Fund based on NASDAQ-100 Index
|
|
Aditya Birla Sun Life Nifty Healthcare ETF
|
Open-ended
|
Other scheme-Other ETFs
|
8th Oct 2021
|
20th Oct 2021
|
The investment objective of the scheme is to provide returns that before expenses, closely correspond to the total returns of securities as represented by Nifty Healthcare TRI, subject to tracking errors. However, the performance of scheme may differ from that of the underlying index due to tracking error.
|
|
DSP Nifty 50 Equal Weight ETF
|
Open-ended
|
Other scheme-Other ETFs
|
18th Oct 2021
|
29th Oct 2021
|
The Scheme seeks to provide returns that, before expenses, closely correspond to the total return of the underlying index (NIFTY 50 Equal Weight Index), subject to tracking errors.
|
|
ICICI Prudential Consumption ETF
|
Open-ended
|
Other Scheme-Other ETFs
|
18th Oct 2021
|
25th Oct 2021
|
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
|
|
ICICI Prudential Smallcap Index Fund
|
Open-ended
|
Equity Scheme-Small-cap Fund
|
12th Oct 2021
|
26th Oct 2021
|
The objective of the Scheme is to invest in companies whose securities are included in Nifty Smallcap 250 Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in stocks comprising the Nifty Smallcap 250 Index in the same weightage that they represent in Nifty Smallcap 250 Index.
|
|
ITI Pharma and Healthcare Fund
|
Open-ended
|
Equity Scheme-Sectoral/Thematic
|
18th Oct 2021
|
1st Nov 2021
|
The investment objective of the scheme is to seek to generate long term capital appreciation through investing in equity and equity related securities of companies engaged in Pharma and Healthcare.
|
|
NJ Balanced Advantage Fund
|
Open-ended
|
Hybrid Scheme-Dynamic Asset Allocation or Balanced Advantage
|
8th Oct 2021
|
22nd Oct 2021
|
The investment objective of the Scheme is to generate capital appreciation by dynamically allocating its assets between equity and specified debt securities.
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