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List Of Mutual Fund NFOs Currently Open For Subscription
NFOs or new fund offers similar to initial public offers (public issues) are the new funds that asset management companies' offer to the public for subscription before it actually opens for daily transaction. There may be closed ended or open-ended funds, in the case of the former you can invest only during the offer period, while for the open ended scheme you can invest into the fund as and when it reopens for subscription.
So, typically, as through these NFOs AMCs target new investment theme that is not offered by any of AMCs existing funds, these may draw investors' who are looking for fresh investment opportunities either into new themes or new indexes etc. Another pointer noteworthy about NFOs is that the issue which is typically Rs. 10 for NFO is not reflective of anything significant about the fund.
1. Mirae Asset Hang Seng Tech ETF FoF:
The scheme aims to offer long term capital appreciation by investing primarily in units of Mirae Asset Hang Seng Tech ETF. The open ended scheme offer period is between November 17, 2021 and December 1, 2021. Minimum subscriptoon amount under the scheme is Rs. 5000 and in multiples of Rs. 1/- thereafter.
Post the NFO period, being an open ended scheme, the scheme shall be open for fresh subscriptions beginning December 9, 2021 at the NAV prevalent at that time. Note during the NFO period, the NAV shall remain Rs. 10.
Among its peers, Motilal Oswal NASDAQ 100 ETF commands the largest AUM of Rs. 5700 crore and its returns have also been promising with 5-year return of 29.13%.
2. Nippon India Taiwan Equity Fund:
This open ended equity scheme from the stable of Nippon India AMC follows a Taiwan focused theme. The fund is one of its kind diversification opportunity into Taiwan which is among world leaders in science and tech and hence commands the second-highest weight in the MSCI Emerging Markets Index and ranked 8th in IMD World Digital Competitiveness Ranking, 2021.
The NFO which opened on November 22 will close on December 6, 2021.
Minimum application amount : Rs. 500 & in multiples of Re. 1 thereafter; while the benchmark is Benchmark is Taiwan Capitalization Weighted Stock Index (TAIEX).
3. Axis Multicap fund:
Labelling it the #Powerpackedfund", the scheme shall invests across market capitalisation and hence provide investors with exposure to large, mid and small cap stocks.
NFO period - November 26-December 10, 2021
As per the mutual fund, the investment shall be apt for those looking for capital appreciation over the long term and looking to invest in a mix of equity securities across m-cap.
Disclaimer:
The above mentioned NFOs are not a call for investment in them but as is being seen NFOs are raking in huge money and providing a boost to mutual fund investment landscape as a whole. So, here is collated information on all the NFOs that are currently open.
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