Two mutual fund NFOs to open for subscription this week
May 19, 2024
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Around two new fund offers will open for subscription this week, according to data by ACE MF.
iStock
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Kotak NIFTY 100 Low Volatility 30 Index Fund
The new fund offer or NFO of the scheme will open for subscription on May 22 and it will close on May 31. The scheme will be an open-ended scheme replicating / tracking the NIFTY 100 Low Volatility 30 Index. The scheme will be benchmarked against Nifty 100 Low Volatility 30 Index – TRI. The scheme will be managed by Abhishek Bisen, Devender Singhal, and Satish Dondapati.
iStock
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Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund
The new fund offer or NFO of the scheme will open for subscription on May 22 and will close on June 4. The scheme will be an open- ended Target Maturity Index Fund tracking the CRISIL IBX Gilt Index – June 2027. The scheme will be benchmarked against CRISIL IBX Gilt Index – June 2027. The scheme will be managed by Bhupesh Bameta and Sanjay Godambe.
Agencies
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Focus on these categories
Kotak NIFTY 100 Low Volatility 30 Index Fund and Aditya Birla SL CRISIL IBX Gilt June 2027 Index Fund are from index funds and gilt fund categories.
iStock
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Other NFOs available
Six other NFOs or new fund offers are available for investment. They will close for subscription between May 27 – May 31.
