Top Five Mutual Fund NFO’s closing in coming week

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After Lockdown , Mutufal fund industry has again fell into track and offerring variety of schemes for investors based upon their risk capacity. Below are the Five New Fund Offer(NFO) currently active and about to closing in coming week.

1. ITI MidCap Fund

Mutual FundITI Mutual Fund
Scheme NameITI Mid Cap Fund
Objective of SchemeThe investment objective of the Scheme is to seek to generate long term capital appreciation by predominantly investing in equity and equity related securities of mid cap stocks. However, there can be no assurance that the investment objective of the scheme would be achieved.
Scheme TypeOpen Ended
Scheme CategoryEquity Scheme – Mid Cap Fund
New Fund Launch Date15-Feb-2021
New Fund Offer Closure Date01-Mar-2021
Indicate Load SeperatelyEntry Load – Not applicable Exit Load: 1% if redeemed or switched out on or before completion of 12 months from the date of allotment of units; Nil thereafter.
Minimum Subscription AmountRs. 5,000/- and in multiples of Re. 1/- thereafter

2. Mirae Asset Corporate Bond Fund

Mutual FundMirae Asset Mutual Fund
Scheme NameMirae Asset Corporate Bond Fund
Objective of SchemeThe investment objective of the scheme is to provide income and capital appreciation by investing predominantly in AA+ and above rated corporate bonds. The Scheme does not guarantee or assure any returns.
Scheme TypeOpen Ended
Scheme CategoryDebt Scheme – Corporate Bond Fund
New Fund Launch Date24-Feb-2021
New Fund Offer Closure Date09-Mar-2021
Indicate Load SeperatelyEntry Load: Not Applicable Exit Load: Nil
Minimum Subscription AmountInvestors can invest under the Scheme during the N

3. Motilal Oswal Asset Allocation Fund of Fund- Aggressive

Mutual FundMotilal Oswal Mutual Fund
Scheme NameMotilal Oswal Asset Allocation Fund of Fund- Aggressive
Objective of SchemeTo generate long term growth/capital appreciation by offering asset allocation investment solution that predominantly invests in passive funds such as ETF/Index Funds of equity and equity related instruments (domestic as well as international), fixed income and Gold. However, there can be no assurance or guarantee that the investment objective of the Scheme would be achieved.
Scheme TypeClose Ended
Scheme CategoryFund of Funds – Domestic
New Fund Launch Date19-Feb-2021
New Fund Earliest Closure Date05-Mar-2021
New Fund Offer Closure Date05-Mar-2021
Minimum Subscription Amount10,000,0000

4. Motilal Oswal Asset Allocation Fund of Fund- Conservative

Mutual FundMotilal Oswal Mutual Fund
Scheme NameMotilal Oswal Asset Allocation Fund of Fund- Conservative
Objective of SchemeTo generate long term growth/capital appreciation by offering asset allocation investment solution that predominantly invests in passive funds such as ETF/Index Funds of equity and equity related instruments (domestic as well as international), fixed income and Gold
Scheme TypeClose Ended
Scheme CategoryFund of Funds – Domestic
New Fund Launch Date19-Feb-2021
New Fund Earliest Closure Date05-Mar-2021
New Fund Offer Closure Date05-Mar-2021
Minimum Subscription Amount10,000,0000

5. UTI Nifty200 Momentum 30 Index Fund

Mutual FundUTI Mutual Fund
Scheme NameUTI Nifty200 Momentum 30 Index Fund
Objective of SchemeThe investment objective of the scheme is to provide returns that, before expenses, closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error However there is no guarantee or assurance that the investment objective of the scheme will be achieved.
Scheme TypeOpen Ended
Scheme CategoryOther Scheme – Index Funds
New Fund Launch Date18-Feb-2021
New Fund Offer Closure Date04-Mar-2021
Indicate Load SeperatelyEntry Load – Nil, Exit Load – Nil
Minimum Subscription AmountRs 5,000/- and in multiples of Rs 1/- thereafter

Mutual Funds are subject to market risks and read prospectus carefully before investing and its just information on NFO not an endorsement. For more details visit their respective Asset Management websites for accuracy of information on schemes

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