HDFC Nifty500 Multicap 50:25:25 Index Fund
HDFC Nifty500 Multicap 50:25:25 Index Fund is an open ended scheme replicating/tracking Nifty500 Multicap 50:25:25 Index. The new fund offer or NFO of the scheme will open for subscription on August 6 and will close on August 20.
The investment objective of the scheme is to generate returns that are commensurate (before fees and expenses) with the performance of the Nifty500 Multicap 50:25:25 Index, subject to tracking error. The scheme will be benchmarked against Nifty500 Multicap 50:25:25 Index and will be managed by Nirman Morakhia, Arun Agarwal.
Motilal Oswal Business Cycle Fund
Motilal Oswal Business Cycle Fund is an open-ended equity scheme following business cycles based investing theme. The new fund offer or NFO of the scheme will open for subscription on August 7 and will close on August 21.
The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of companies by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles. The scheme will be benchmarked against Nifty 500 TRI and will be managed by Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, and Sunil Sawant.
Bandhan Nifty Bank Index Fund
Bandhan Nifty Bank Index Fund is an open‐ended scheme tracking Nifty Bank Index. The new fund offer or NFO of the scheme will open for subscription on August 8 and will close on August 22. The investment objective of the Scheme is to replicate the Nifty Bank Index by investing in securities of the Nifty Bank Index in the same proportion / weightage with an aim to provide returns before expenses that track the total return of Nifty Bank Index, subject to tracking errors. The scheme will be benchmarked against Nifty Bank Index and will be managed by Nemish Sheth.Aditya Birla SL Nifty India Defence Index Fund
Aditya Birla SL Nifty India Defence Index Fund is an open-ended index fund that replicates the Nifty India Defence Total Return Index. The new fund offer or NFO of the scheme will open for subscription on August 9 and will close on August 23.
The investment objective of the scheme is to provide returns that, before expenses, match the total returns of the securities represented by the Nifty India Defence Total Return Index, subject to tracking errors. The scheme will be benchmarked against Nifty India Defence Total Return Index and will be managed by Haresh Mehta and Pranav Gupta.
Bank of India Business Cycle Fund
Bank of India Business Cycle Fund is an open ended equity scheme investing in the sector based on its business cycle. The new fund offer or NFO of the scheme will open for subscription on August 9 and will close on August 23.
The investment objective of the scheme is to generate long-term capital appreciation by investing predominantly in equity and equity related securities through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy. The scheme will be benchmarked against Nifty 500 Total Return Index and will be managed by Alok Singh.
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