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 Fund
ITI Mutual Fund
Scheme Name
ITI Mid Cap Fund
Objective of Scheme
The 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 Type
Open Ended
Scheme Category
Equity Scheme – Mid Cap Fund
New Fund Launch Date
15-Feb-2021
New Fund Offer Closure Date
01-Mar-2021
Indicate Load Seperately
Entry 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 Amount
Rs. 5,000/- and in multiples of Re. 1/- thereafter
2. Mirae Asset Corporate Bond Fund
Mutual Fund
Mirae Asset Mutual Fund
Scheme Name
Mirae Asset Corporate Bond Fund
Objective of Scheme
The 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 Type
Open Ended
Scheme Category
Debt Scheme – Corporate Bond Fund
New Fund Launch Date
24-Feb-2021
New Fund Offer Closure Date
09-Mar-2021
Indicate Load Seperately
Entry Load: Not Applicable Exit Load: Nil
Minimum Subscription Amount
Investors can invest under the Scheme during the N
3. Motilal Oswal Asset Allocation Fund of Fund- Aggressive
Mutual Fund
Motilal Oswal Mutual Fund
Scheme Name
Motilal Oswal Asset Allocation Fund of Fund- Aggressive
Objective of Scheme
To 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 Type
Close Ended
Scheme Category
Fund of Funds – Domestic
New Fund Launch Date
19-Feb-2021
New Fund Earliest Closure Date
05-Mar-2021
New Fund Offer Closure Date
05-Mar-2021
Minimum Subscription Amount
10,000,0000
4. Motilal Oswal Asset Allocation Fund of Fund- Conservative
Mutual Fund
Motilal Oswal Mutual Fund
Scheme Name
Motilal Oswal Asset Allocation Fund of Fund- Conservative
Objective of Scheme
To 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 Type
Close Ended
Scheme Category
Fund of Funds – Domestic
New Fund Launch Date
19-Feb-2021
New Fund Earliest Closure Date
05-Mar-2021
New Fund Offer Closure Date
05-Mar-2021
Minimum Subscription Amount
10,000,0000
5. UTI Nifty200 Momentum 30 Index Fund
Mutual Fund
UTI Mutual Fund
Scheme Name
UTI Nifty200 Momentum 30 Index Fund
Objective of Scheme
The 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 Type
Open Ended
Scheme Category
Other Scheme – Index Funds
New Fund Launch Date
18-Feb-2021
New Fund Offer Closure Date
04-Mar-2021
Indicate Load Seperately
Entry Load – Nil, Exit Load – Nil
Minimum Subscription Amount
Rs 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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