New Delhi: Around 7 new mutual fund NFOs across different categories are set to open for public subscription this week. Fund houses launch new funds to strengthen and complete their product portfolios. Three fund-of-funds (domestic), two thematic funds will open for subscription.
A total of 7 new mutual funds will be up for offer this week. These funds are being launched by fund houses to align with their existing products and to give investors an opportunity to invest in new themes and asset classes. The information is taken from the data from ACE MF.
These 7 new funds will be launched in different categories. This includes three fund-of-funds (domestic), which will invest in other funds. There will be two thematic funds that will focus on specific sectors or themes. An ETF and a low-duration fund are also opening this week.
Fund of Fund (Domestic)
In the fund-of-fund category, Mirae Asset Nifty Metal ETF FOF will open for subscription on 10 February and close on 23 February. Groww BSE Hospitals ETF FOF will close on 25 February. Meanwhile, Angel One Silver ETF FOF will open on 9 February, and interested investors will be able to avail the offer till 23 February.
Thematic Fund
In the thematic fund segment, Baroda BNP Paribas ESG Best in Class Strategy Fund will open for subscription on 12 February and close on 26 February. ITI Business Cycle Fund will be up for offer from February 13 and will close on 27 February.
Index-Based ETF
Groww BSE Hospitals ETF will open for subscription on 11 February and close on 25 February. This fund will focus on hospital stocks related to the healthcare sector.
Angel One Silver ETF
Angel One Silver ETF, which offers an opportunity to invest in silver, will open for subscription on 9 February and close on 19 February. This ETF will be linked to silver prices and will provide investors with an option to invest in commodities.
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