Mutual fund NFOs: 5 new funds will open for subscription this week. Check dates and key details
Around five new mutual fund schemes are set to open for subscription next week. Asset management companies are launching these products to broaden their existing product line-up. Below is a summary of the upcoming offerings.Out of the five new schemes, four will be passively managed funds, while one will follow an active management style.Invesco India Mutual Fund is bringing two products: Invesco India Silver ETF and Invesco India Silver ETF Fund of Fund (FOF).
Both will open for subscription on October 27 and close on November 9. The minimum investment for the Silver ETF will be Rs 5,000, and for the Silver ETF FOF it will be Rs 1,000.UTI Mutual Fund will launch the UTI Financial Services Debt Fund. This NFO will be open from October 27 to November 2, with a minimum investment requirement of Rs 500.
Kotak Mutual Fund’s Kotak Nifty Realty Index Fund will be available for subscription from October 26 to November 9. Investors can participate with a minimum amount of Rs 1,000.ICICI Prudential Mutual Fund will introduce the ICICI Pru BSE Power ETF. The subscription window for this ETF will run from October 26 to October 30, and the minimum investment amount will be Rs 1,000.
Source: The Economic Times
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