MF Update: List of NFOs open for subscription in the first week of 2022

DSIJ Intelligence / 04 Jan 2022/ Categories: MF NFO, Mutual Fund

This week there are four NFOs open for subscription.

The year 2022 is kickstarting with four NFOs in the first week. All schemes are open-ended except one, which is a closed-ended fund. Also, all these mutual funds are offering different schemes. Out of four schemes offered, two are index funds, and the remaining two are income and FoF schemes. However, do remember that they do not assure the investment objective of the same will be achieved.

Scheme Name	Type	Category	Launch Date	Closure Date	Objectives of the scheme (As per AMFI)
ICICI Prudential Passive Multi-Asset Fund of Funds	Open-ended	Other Scheme- FoF Domestic	27^th Dec 2022	10^th Jan 2022	ICICI Prudential Passive Multi-Asset Fund of Funds is a Fund of Funds scheme with the primary objective to generate returns by predominantly investing in passively managed funds launched in India and/or overseas
Navi Nifty Next 50 Index Fund	Open-ended	Other Scheme- Index Funds	1^st Jan 2022	15^th Jan 2022	The investment objective of the Scheme is to invest in companies whose securities are included in Nifty Next 50 Index and to endeavor to achieve the returns of the index as closely as possible, though subject to tracking error.
SBI CPSE Bond Plus SDL Sep 2026 50:50 Index Fund	Open-ended	Other Scheme-Index Funds	3^rd Jan 2022	17^th Jan 2022	The investment objective of the scheme is to provide returns that closely correspond to the total returns of the securities as represented by the underlying index, subject to tracking error.
SBI Fixed Maturity Plan (FMP) – Series 58 (1842 Days)	Closed-ended	Income	30^th Dec 2022	4^th Jan 2022	The scheme endeavours to provide regular income and capital growth with limited interest rate risk to the investors through investments in a portfolio comprising of debt instruments maturing on or before the maturity of the scheme.