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These 10 funds span eight different categories: two index funds, sectoral funds, dividend yield, large & mid-cap, multi-asset allocation, multicap, ultra-short duration, and an ETF.
Tata Nifty200 Alpha 30 Index Fund
The Tata Nifty200 Alpha 30 Index Fund is an open-ended scheme that tracks the Nifty200 Alpha 30 Index (TRI). The NFO for this scheme is open for subscription and will close on September 2.
The scheme will be benchmarked against the Nifty200 Alpha 30 Index (TRI) and managed by Kapil Menon. The minimum application amount is Rs 5,000, with subsequent investments in multiples of Re 1. The scheme will invest 95-100% in securities included in the Nifty200 Alpha 30 Index and 0-5% in debt or money market instruments, including units of mutual funds.
Franklin India Ultra Short Duration Fund
The Franklin India Ultra Short Duration Fund is an open-ended ultra-short-term debt scheme investing in instruments with a Macaulay duration of 3-6 months. It aims to offer relatively low interest rate risk and moderate credit risk. The NFO is open for subscription and will close on August 28.
The scheme will be managed by Rahul Goswami and Pallab Roy and will be benchmarked against the Nifty Ultra Short Duration Debt Index A-I. The minimum application amount for a fresh purchase is Rs 5,000, while the minimum amount for a systematic investment plan (SIP) is Rs 500.
Union Multi Asset Allocation Fund
The Union Multi Asset Allocation Fund is an open-ended scheme that invests in equity, debt, gold, and/or silver. The scheme will open for subscription on August 20 and will close on September 3.
The scheme will be benchmarked against 65% Nifty 50 TRI + 20% CRISIL Short Term Bond Fund Index + 15% Domestic price of Gold and will be managed by Hardick Bora, Sanjay Bembalkar, and Anindya Sarkar. The minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter. The scheme will allocate 65-80% in equity and equity-related instruments, 10-25% in debt and money market instruments, including units of debt-oriented MF schemes, 10-25% in units of gold ETFs, 0-10% in units of silver ETFs, and 0-10% in units issued by REITs and InvITs.
Nippon India Nifty 500 Equal Weight Index Fund
Nippon India Nifty 500 Equal Weight Index Fund is an open-ended scheme replicating/tracking the Nifty 500 Equal Weight Index. The NFO will open for subscription on August 21 and will close on September 4.
The scheme will be benchmarked against Nifty 500 Equal Weight TRI and will be managed by Himanshu Mange. The minimum investment amount is Rs 1,000 and in multiples of Re 1 thereafter. It will allocate 95-100% in securities constituting Nifty 500 Equal Weight Index and 0-5% in cash and cash equivalents and money market instruments and/or schemes that invest in the money market securities or liquid schemes.
ITI Large & Mid Cap Fund
The ITI Large & Mid Cap Fund is an open-ended equity scheme that invests in both large-cap and mid-cap stocks. The new fund offer (NFO) will open for subscription on August 21 and close on September 4.
The scheme will be benchmarked against the Nifty large-midcap 250 Index (TRI). The scheme will be managed by Vishal Jajoo and Rohan Korde. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will allocate 70-100% in equity and equity-related instruments of large and midcap companies,0-30% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
Bandhan BSE Healthcare Index Fund
The Bandhan BSE Healthcare Index Fund is an open-ended scheme that tracks the BSE Healthcare Index. The NFO will open for subscription on August 21 and close on September 3.
The scheme will be benchmarked against the BSE Healthcare TRI and managed by Nemish Sheth. The minimum investment amount is Rs 1,000, with subsequent investments in multiples of Re 1 for lump-sum investments. For SIP, the minimum amount is Rs 100, with subsequent investments in multiples of Re 1, and a minimum of six installments.
The scheme will allocate 95-100% of its assets to securities included in the Bandhan BSE Healthcare Index (including stocks and index derivatives) and 0-5% to debt and money market instruments.
Baroda BNP Paribas Dividend Yield Fund
The Baroda BNP Paribas Dividend Yield Fund is an open-ended equity scheme that predominantly invests in dividend-yielding stocks. The new fund offer (NFO) will open for subscription on August 22 and close on September 5.
The scheme will be benchmarked against the Nifty 500 TRI and managed by Shiv Chanani and Miten Vora. The minimum investment amount for a lump-sum investment is Rs 1,000, with subsequent investments in multiples of Re 1. For systematic investment plans (SIP), the minimum amount is Rs 500, with subsequent investments in multiples of Re 1.
The scheme will allocate 65-100% of its assets to equity and equity-related instruments of dividend-yielding companies, 0-35% to equity and equity-related instruments of non-dividend-yielding companies, 0-10% to units issued by REITs and InvITs, 0-35% to debt and money market instruments and fixed income derivatives, and 0-10% to units of domestic mutual fund schemes.
Groww Nifty India Defence ETF
The Groww Nifty India Defence ETF is an open-ended scheme that tracks the Nifty India Defence Index-TRI. The new fund offer (NFO) will open for subscription on August 22 and close on September 5.
The scheme will be benchmarked against the Nifty TRI and managed by Abhishek Jain. The minimum investment amount is Rs 500, with subsequent investments in multiples of Re 1.
The scheme will allocate 95-100% of its assets to constituents of the Nifty India Defence Index and 0-5% to money market instruments, debt securities, and/or units of domestic mutual fund debt/liquid schemes.
PGIM India Multi Cap Fund
PGIM India Multi Cap Fund is an open-ended equity scheme investing across largecap, mid, and smallcap stocks. The NFO of the scheme will open for subscription on August 22 and will close on September 5.
The scheme will be benchmarked against Nifty 500 Multicap 50:25:25 TRI and will be managed by Vivek Sharma, Anandha Padmanabhan Anjeneyan, Utsav Mehta, and Puneet Pal. The minimum investment amount is Rs 5,000 and in multiples of Re 1 thereafter. The scheme will allocate 75-100% in equity and equity-related securities, 0-25% in debt and money market securities (including TREPS (Tri-Party Repo), Reverse Repo), 0-10% in units issued by REITs and InvITs, and 0-20% in foreign securities, including overseas ETFs.
Axis Consumption Fund
The Axis Consumption Fund is an open-ended equity scheme focused on a consumption theme. The NFO will open for subscription on August 23 and close on September 6.
The scheme will be benchmarked against the Nifty India Consumption TRI and managed by Shreyash Devalkar, Hitesh Das, and Krishnaa Narayan. The minimum application amount is Rs 100 and in multiples of Re 1 thereafter. The scheme will allocate 80-100% in equity and equity-related instruments of companies engaged in consumption and consumption-related sectors or allied sectors, 0-20% in other equity and equity-related instruments, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.