MF Update: List of NFOs open for subscription this week

MF Update: List of NFOs open for subscription this week

Siddhi Sharma
/ Categories: Mutual Fund, MF NFO

In this week, there are twelve NFOs open for subscription. All schemes are open-ended except one, which is a closed-ended fund. Also, all these mutual funds are offering different schemes. Out of twelve schemes offered, four are index funds, five are other ETFs, and the remaining three are income and FoF schemes. However, do remember that they do not assure the investment objective of the same will be achieved.

Scheme Name

Type

Category

Launch Date

Closure Date

Objectives of the scheme (As per AMFI)

Aditya Birla Sun Life Fixed Term Plan – Series TO (1214 Days)

Close-ended

Income

10th Jan 2022

17th Jan 2022

The Scheme seeks to generate income by investing in a portfolio of fixed income securities maturing on or before the duration of the scheme. The Scheme does not guarantee/indicate any returns.

Axis CPSE Plus SDL 2025 70:30 Debt Index Fund

Open-ended

Other Scheme-Index Funds

10th Jan 2022

20th Jan 2022

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL IBX 70:30 CPSE Plus SDL – April 2025 before expenses, subject to tracking errors. 

Axis Nifty Next 50 Index Fund

Open-ended

Other Scheme-Index Funds

7th Jan 2022

21st Jan 2022

To provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 50 subject to tracking errors.

ICICI Prudential Nifty Auto ETF

Open-ended

Other Scheme-Other ETFs

5th Jan 2022

10th Jan 2022

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 Passive Multi-Asset Fund of Funds

Open-ended

Other Scheme-FoF Domestic

27th Dec 2022

10th Jan 2022

ICICI Prudential Passive Multi-Asset Fund of Funds is a Fund of Funds scheme with the primary objective to generate returns by predominantly investing in passively managed funds launched in India and/or overseas

ICICI Prudential Silver ETF

Open-ended

Other Scheme-Other ETFs

5th Jan 2022

19th Jan 2022

The investment objective of the Scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying.

Kotak Midcap 50 ETF

Open-ended

Other Scheme-Other ETFs

6th Jan 2022

20th Jan 2022

The investment objective of the scheme is to replicate the composition of the NIFTY Midcap 50 Index and to generate returns that are commensurate with the performance of the NIFTY Midcap 50 Index, subject to tracking errors.

Mirea Asset Nifty India Manufacturing ETF

Open-ended

Other Scheme-other ETFs

10th Jan 2022

20th Jan 2022

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error.

Mirea Asset Nifty India Manufacturing ETF Fund of Fund

Open-ended

Other Scheme-FoF Domestic

10th Jan 2022

24th Jan 2022

The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF.

Navi Nifty Next 50 Index Fund

Open-ended

Other Scheme-Index Funds

1st Jan 2022

15th Jan 2022

The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error.

 

Nippon India Nifty Auto ETF

Open-ended

Other Scheme-Other ETFs

5th Jan 2022

14th Jan 2022

The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the NIFTY Auto Index before expenses, subject to tracking errors.

SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund

Open-ended

Other Schemes-Index Funds

3rd Jan 2022

17th Jan 2022

The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error. 

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