3 mutual fund NFOs to open for subscription this week
May 5, 2024
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Around three mutual funds NFOs are set to open for subscription this week, according to data by ACE MF. One NFO will open for subscription on Monday while two NFOs will open later this week.
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Fund houses in focus
These three NFOs will be from Mirae Asset Mutual Fund and Baroda BNP Paribas Mutual Fund. Among these three NFOs, two will be from Mirae Asset Mutual Fund. All three schemes will be solution-oriented – retirement funds and other funds.
The new fund offer of the scheme will open for subscription on May 6 and will close on May 17. The scheme will be an open-ended scheme replicating/tracking the Nifty MidSmallcap400 Momentum Quality 100 Total Return Index. The minimum initial investment during NFO will be Rs 5,000 with subsequent investments being multiples of Re 1.
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Baroda BNP Paribas Retirement Fund
The new fund offer or NFO of the scheme will open for subscription on May 8 and it will close on May 22. The fund will be an open-ended retirement solution-oriented scheme having a lock-in of 5 years or till retirement age (whichever is earlier). The scheme will be benchmarked against CRISIL Hybrid 35+65 – Aggressive Index.
The new fund offer or NFO of the scheme will open for subscription on May 10 and it will close on May 24. The scheme will be an open-ended fund of fund scheme investing in units of Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF. The minimum investment amount will be R.5,000 and in multiples of Re 1 thereafter.
