MF Update: List of NFOs open for subscription this week

Siddhi Sharma / 31-Jan, 2022

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

In the current week, there are five NFOs open for subscription. All schemes are open-ended funds. Also, all these mutual funds are offering different schemes. Out of five schemes offered, two are index funds, and the remaining three are FoF, ETF and Flexi-cap. 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 Nifty Next 50 Index Fund	Open-ended	Other Scheme-Index Funds	31^st Jan 2022	14^th 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.
DSP Global Innovation Fund of Fund	Open-ended	Other Scheme-FoF Overseas	24^th Jan 2022	7^th Feb 2022	The primary investment objective of the scheme is to seek capital appreciation by investing in global mutual funds schemes and ETFs that primarily invest in companies with innovation theme having potential for higher revenue and earnings growth. The Scheme may also invest a certain portion of its corpus in money market securities and/or money market/liquid schemes of DSP Mutual Fund, in order to meet liquidity requirements from time to time.
Invesco India Flexi Cap Fund	Open-ended	Equity Scheme-Flexi-cap Fund	24^th Jan 2022	7^th Feb 2022	To generate capital appreciation by dynamically investing in a mix of equity and equity related instruments across market capitalization i.e., large, mid and small cap stocks.
Motilal Oswal Nifty 200 Momentum 30 ETF	Open-ended	Other Scheme-Other ETFs	21^st Jan 2022	4th 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 Nifty 200 Momentum 30 Total Return Index, subject to tracking error. An open-ended fund replicating / tracking the Nifty 200 Momentum 30 ETF.
Motilal Oswal Nifty 200 Momentum 30 Index Fund	Open-ended	Other Scheme-Index Funds	21^st Jan 2022	4^th Feb 2022	The investment objective of the scheme is to provide returns that, before expenses, closely correspond to the performance of Nifty 200 Momentum 30 Total Return Index, subject to tracking error.