Mutual Fund Update: List of NFOs open for subscription this week
DSIJ Intelligence / 07 Oct 2021/ Categories: MF NFO, Mutual Fund, Trending
This week there are four New Fund Offer open for subscription all of them are open-ended mutual fund schemes
This week there are four mutual funds open for subscription. All are open-ended schemes. Out of four open-ended schemes, two Fund of Funds (FoFs) and two are Index Funds. However, following mutual fund schemes does not assure that the investment objective of the scheme will be achieved.
|
Scheme Name |
Type |
Category |
Open Date |
Closing Date |
Objective of the scheme (as per AMFI) |
|
Axis AAA Bond Plus SDL ETF - 2026 Maturity Fund of Fund
|
Open-ended |
Other Scheme-FoF Domestic |
30th Sept 2021 |
13th Oct 2021 |
To invest in units of Axis AAA Bond Plus SDL ETF - 2026 Maturity ETF, an open-ended Target Maturity Exchange Traded Fund with objective to replicate Nifty AAA Bond Plus SDL Apr 2026 50:50 Index by investing in bonds of issuers rated AAA and state development loans (SDL), subject to tracking errors. |
|
Edelweiss NIFTY PSU Bond Plus SDL Index Fund 2027
|
Open-ended |
Other Scheme-Index Fund |
30th Sept 2021 |
8th Oct 2021 |
The investment objective of the scheme is to track the Nifty PSU Bond Plus SDL Apr 2027 50:50 Index by investing in AAA rated PSU Bonds and SDLs, maturing on or before April 2027, subject to tracking errors. |
|
ICICI Prudential NASDAQ 100 Index Fund
|
Open-ended |
Other Scheme-Index Fund |
27th Sept 2021 |
11th Oct 2021 |
The objective of the Scheme is to invest in companies whose securities are included in NASDAQ-100 Index® and subject to tracking errors, to endeavor to achieve the returns of the above index. |
|
Mahindra Manulife Asia Pacific REITs FOF
|
Open-ended |
Other scheme-FoF Overseas |
28th Sept 2021 |
12th Oct 2021 |
The investment objective of the Scheme is to provide long term capital appreciation by investing predominantly in units of Manulife Global Fund – Asia Pacific REIT Fund, an overseas fund primarily investing in real estate investment trusts (REITs) in the Asia Pacific ex-Japan region. |