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 the current week, there are thirteen NFOs open for subscription, so have a look at the same.

In the current week, there are thirteen NFOs open for subscription. All schemes are open-ended funds except one which is a closed-ended fund. Besides, there are three funds offering debt schemes whereas ten funds are offering equity schemes. Majority of funds are offering Index Funds. Out of thirteen schemes offered, eight are index funds and the rest five are FoFs (domestic and overseas), income, sectoral/thematic and multi-cap funds. 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 Crisil AAA Jun 2023 Index Fund

Open-ended

Other Scheme-Index Funds

14th Feb 2022

21st Feb 2022

The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL IBX AAA Index – June 2023 before expenses, subject to tracking errors.

Aditya Birla Sun Life Nifty Next 50 Index Fund

Open-ended

Other Scheme-Index Funds

31st Jan 2022

14th Feb 2022

The investment objective of the Scheme is to provide returns that closely track the total returns of securities as represented by Nifty Next 50 Index, subject to tracking errors.

Axis CRISIL SDL 2027 Debt Index Fund

Open-ended

Other Scheme-Index Funds

7th Feb 2022

21st Feb 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 SDL Index – May 2027 before expenses, subject to tracking errors.

Axis Equity ETFs FOF

Open-ended

Other Scheme-FOF Domestic

4th Feb 2022

18th Feb 2022

To provide long-term capital appreciation from a portfolio investing predominantly in units of domestic equity ETFs. There is no assurance that the investment objective of the Scheme will be realized.

HDFC NIFTY 100 Equal Weight Index Fund

Open-ended

Other Scheme-Index Funds

11th Feb 2022

18th Feb 2022

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY 100 Equal Weight Index TRI (Underlying Index), subject to tracking error.

HDFC NIFTY 100 Index Fund

Open-ended

Other Scheme-Index Funds

11th Feb 2022

18th Feb 2022

To generate returns that are commensurate (before fees and expenses) with the performance of the NIFTY 100 Index TRI (Underlying Index), subject to tracking error.

ICICI Prudential Nifty Bank Index Fund

Open-ended

Other Scheme-Index Funds

10th Feb 2022

24th Feb 2022

The objective of the Scheme is to invest in companies whose securities are included in Nifty Bank Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty Bank Index in the same weightage that they represent in Nifty Bank Index.

IDFC NIFTY 100 Index Fund

Open-ended

Other Scheme-Index Funds

7th Feb 2022

18th Feb 2022

The investment objective of the Scheme is to replicate the Nifty 100 index by investing in securities of the Nifty 100 Index in the same proportion / weightage with an aim to provide returns before expenses that closely correspond to the total return of Nifty 100 Index, subject to tracking errors.

Kotak Manufacture in India Fund

Open-ended

Equity Scheme-Sectoral/Thematic

1st Feb 2022

15th Feb 2022

The scheme shall seek to generate capital appreciation by investing in a diversified portfolio of companies that follow the manufacturing theme.

Navi US Total Stock Market Fund of Fund

Open-ended

Other Scheme-FoF Overseas

4th Feb 2022

18th Feb 2022

To provide long-term capital appreciation by investing in units of the Vanguard Total Stock Market ETF (VTI) or in the Schwab Total Stock Market Index Fund (SWTSX).

SBI Fixed Maturity Plan (FMP)-Series 60 (1878 Days)

Closed-ended

Income

9th Feb 2022

14th Feb 2022

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.

SBI MultiCap Fund

Open-ended

Equity Scheme-Multi Cap Fund

14th Feb 2022

28th Feb 2022

The investment objective of the scheme is to provide investors with opportunities for long term growth in capital from a diversified portfolio of equity and equity related instruments across market capitalization.

UTI S&P BSE Low Volatility Index Fund

Open-ended

Other Scheme-Index Funds

14th Feb 2022

25th Feb 2022

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

 

 

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