MF Update: List of NFOs open for subscription this week
DSIJ IntelligenceCategories: MF NFO, Mutual Fund
In the current week, there are 17 NFOs open for subscription.
This year has kickstarted with many NFOs. In the current week, there are 17 NFOs open for subscription. All schemes are open-ended except one, which is a closed-ended fund. Also, all these mutual funds are offering different schemes. Out of seventeen schemes offered, four are index funds, five are other ETFs, five are FoF domestic and the remaining three are income, debt and equity 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) |
|
Aditya Birla Sun Life Nifty SDL Apr 2027 Index Fund
|
Open-ended |
Other Scheme-Index Fund |
14th Jan 2022 |
27th Jan 2022 |
The investment objective of the Scheme is to generate returns corresponding to the total returns of the securities as represented by the Nifty SDL Apr 2027 Index before expenses, subject to tracking errors. |
|
Aditya Birla Sun Life Silver ETF
|
Open-ended |
Other Scheme-Other ETFs |
13th Jan 2022 |
27th Jan 2022 |
The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. |
|
Aditya Birla Sun Life Silver ETF FOF
|
Open-ended |
Other Scheme-FoF Domestic |
13th Jan 2022 |
27th Jan 2022 |
The investment objective of the scheme is to provide returns similar to the returns generated by Aditya Birla Sun Life Silver ETF. |
|
Axis CPSE Plus SDL 2025 70:30 Debt Index Fund
|
Open-ended |
Other Scheme-Index Funds |
10th Jan 2022 |
20th Jan 2022 |
The investment objective of the scheme is to provide investment returns closely corresponding to the total returns of the securities as represented by the CRISIL IBX 70:30 CPSE Plus SDL – April 2025 before expenses, subject to tracking errors. |
|
Axis Nifty Next 50 Index Fund
|
Open-ended |
Other Scheme-Index Funds |
7th Jan 2022 |
21 Jan 2022 |
To provide returns before expenses that closely corresponds to the total returns of the NIFTY NEXT 50 subject to tracking errors. |
|
ICICI Prudential Silver ETF
|
Open-ended |
Other Scheme-Other ETFs |
5th Jan 2022 |
19th Jan 2022 |
The investment objective of the Scheme is to generate returns that are in line with the performance of physical silver in domestic prices, subject to tracking error. There can be no assurance or guarantee that the investment objective of the plan will be achieved. The Scheme may also participate in Exchange Traded Commodity Derivatives (ETCDs) with silver as underlying. |
|
ICICI Prudential Silver ETF Fund OF Fund
|
Open-ended |
Other Scheme-FoF Domestic |
13th Jan 2022 |
27th Jan 2022 |
ICICI Prudential Silver ETF Fund of Fund (the Scheme) is a fund of fund scheme with the primary objective to generate returns by investing in units of ICICI Prudential Silver ETF. |
|
ICICI Prudential Strategic Metal and Energy Equity Fund of Fund
|
Open-ended |
Other Scheme-FoF Domestic |
17th Jan 2022 |
31st Jan 2022 |
ICICI Prudential Strategic Metal and Energy Equity Fund of Fund (the Scheme) is an openended fund of fund scheme that invests in the units/shares of First Trust Strategic Metal and Energy Equity UCITS Fund. |
|
Kotak Midcap 50 ETF
|
Open-ended |
Other Scheme-Other ETFs |
6th Jan 2022 |
20th Jan 2022 |
The investment objective of the scheme is to replicate the composition of the NIFTY Midcap 50 Index and to generate returns that are commensurate with the performance of the NIFTY Midcap 50 Index, subject to tracking errors. |
|
Mirae Asset Nifty India Manufacturing ETF
|
Open-ended |
Other Scheme-Other ETFs |
10th Jan 2022 |
20th Jan 2022 |
The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty India Manufacturing Total Return Index, subject to tracking error. |
|
Mirae Asset Nifty India Manufacturing ETF Fund of Fund
|
Open-ended |
Other Scheme-FoF Domestic |
10th Jan 2022 |
24th Jan 2022 |
The investment objective of the scheme is to provide long-term capital appreciation from a portfolio investing predominantly in units of Mirae Asset Nifty India Manufacturing ETF. |
|
Navi Nifty Bank Index Fund
|
Open-ended |
Other Scheme-Index Funds |
17th Jan 2022 |
31st Jan 2022 |
The investment objective of the scheme is to achieve return equivalent to Nifty Bank Index Index by investing in stocks of companies comprising Nifty Bank Index, subject to tracking error |
|
Nippon India Fixed Horizon Fund - XLIII - Series 4
|
Close-ended |
Income |
17th Jan 2022 |
19th Jan 2022 |
The primary investment objective of the scheme is to seek to generate returns and growth of capital by investing in a diversified portfolio of the following securities maturing on or before the date of maturity of the scheme with the objective of limiting interest rate volatility - • Central and State Government securities and • Other fixed income/ debt securities. |
|
Nippon India Silver ETF
|
Open-ended |
Other Scheme-Other ETFs |
13th Jan 2022 |
27th Jan 2022 |
The investment objective of the scheme is to generate returns that are in line with the performance of physical silver in domestic prices, before expenses, subject to tracking errors. |
|
Nippon India Silver ETF FOF
|
Open-ended |
Other Scheme-FoF Domestic |
13th Jan 2022 |
27th Jan 2022 |
The investment objective of the Scheme is to seek to provide returns that closely correspond to returns provided by Nippon India Silver ETF by investing in units of Nippon India Silver ETF. |
|
Samco Flexi Cap Fund
|
Open-ended |
Equity Scheme-Flexi-cap Fund |
17th Jan 2022 |
31st Jan 2022 |
The investment objective of the Scheme is to seek to generate long-term capital growth from an actively managed portfolio of Indian & foreign equity instruments across market capitalisation. |
|
TRUSTMF Overnight Fund
|
Open-ended |
Debt Scheme-Overnight Fund |
17th Jan 2022 |
18th Jan 2022 |
The investment objective of the Scheme is to provide reasonable returns commensurating with overnight call rates and providing a high level of liquidity, through investments in overnight securities having maturity / unexpired maturity of 1 business day. |