These days, the mutual fund industry is witnessing a hustle and bustle like the IPO market. Just as the market is witnessing a flurry of IPOs, mutual fund companies are constantly bringing new fund offers for investors. This week, 10 new fund offers are opening in the market.
Offers are opening in many categories
According to ACE MF data, 10 new fund offers are opening for subscription this week. These offers are from different categories, giving investors the opportunity to choose the option according to their choice. The NFOs being launched include two index funds and sectoral funds. Apart from them, a dividend yield, large and mid cap, multi asset allocation, multi cap, ultra short duration and an ETF are in the queue.
Opportunity is open in this fund from today
In index funds, Tata Nifty200 Alpha30 Index Fund has opened from today i.e. 19 August and will remain open till 2 September. Similarly, Nippon India Nifty500 Equal Weight Index Fund will open on 21 August and close on 4 September. In sectoral funds, Bandhan BSE Healthcare Index Fund will open on 21 August and close on 3 September, while Axis Consumption Fund can be subscribed from 23 August to 6 September.
Subscription for Union Multi Asset Allocation Fund will open from August 20 and will continue till September 3. ITI Large and Mid Cap Fund will open on August 21 and close on September 4. Baroda BNP Paribas Dividend Yield Fund will open on August 22 and can be subscribed till September 5.
This ultra short duration fund is open from today
Grow Nifty India Defense ETF will be open from 22 August to 5 September. Subscription of PGIM India Multi Cap Fund will also be available from 22 August to 5 September. On the other hand, subscription of Franklin India Ultra Short Duration Fund has started from today. This fund can be subscribed till 28 August.
7 IPOs are opening this week
Talking about the IPO market, this financial year is proving to be very busy. IPOs of many companies are being launched every week. This week a total of 7 IPOs are opening in the market, out of which 2 are coming on the mainboard, while 5 IPOs are opening in the SME segment.
Also read: IPOs worth Rs 22 thousand crores in queue, 7 will be launched this week, 5 new shares will also enter the market
