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2 weeks ago
5
Fund debut
Seven mutual funds will open for subscription this week (June 23 - 27). Mutual fund houses are launching new schemes to expand and complete their range of offerings. Here is a detailed breakup (Source: ACE MF)
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Categories focused
Among these seven funds, two are index funds, one small fund, low duration fund, thematic fund, an ETF, and a fund of funds investing domestically.
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Index funds
SBI Nifty200 Momentum 30 Index Fund and Kotak Nifty 200 Quality 30 Index Fund will open on June 23 and will close on July 3 and July 7 respectively. Minimum investment amount is Rs 5,000 and Rs 100 respectively.
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Small cap fund
Bajaj Finserv Small Cap Fund will open for subscription on June 27 and will close on July 11. The minimum amount is Rs 500.
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Thematic fund
HDFC Innovation Fund will open for subscription on June 27 and will close on July 11. The minimum amount is Rs 100.
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Low duration fund
Union Low Duration Fund will open for subscription on June 26 and will close on July 3. The minimum amount is Rs 1,000.
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ETF
Kotak Nifty200 Quality 30 ETF will open for subscription on June 23 and will close on July 7. The minimum amount is Rs 5,000.
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FoFs (Domestic)
Zerodha Silver ETF FoF will open for subscription on June 23 and will close on July 4. The minimum amount is Rs 500.
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