4 new mutual fund offers to open for subscription this week

Apr 06, 2024, 11:06:22 AM IST1/6

NFOs in pipeline

​Three new fund offers by Tata Mutual Fund will open for subscription on April 8. One new fund offered by Bandhan Mutual Fund will open for subscription on April 10.

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Tata Nifty Auto Index Fund

Tata Nifty Auto Index Fund is an open-ended scheme replicating/tracking an Nifty Auto Index (TRI). The new fund offer will open for subscription on April 8 and it will close on April 22. The minimum application amount for the scheme is Rs 5,000 and in multiple of Re1 thereafter.
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Tata Nifty Realty Index Fund

Tata Nifty Realty Index Fund is an open-ended scheme replicating / tracking an Nifty Realty Index (TRI). The new fund offer will open for subscription on April 8 and it will close on April 22. The scheme will be suitable for investors who are seeking long-term capital appreciation and want investment in equity and equity related instruments comprised in Nifty Realty Index.

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Tata Nifty Financial Services Fund

Tata Nifty Financial Services Fund is an open ended scheme replicating/tracking Nifty Financial Services Index. The new fund offer will open for subscription on April 8 and will close on April 22. The scheme will be benchmarked against NIFTY Financial Services Index (TRI)

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Bandhan Innovation Fund

Bandhan Innovation Fund is an open-ended equity scheme following an innovation theme. The new fund offer of the scheme will open for subscription on April 10 and will close on April 24. The scheme will be benchmarked against Nifty 500 – TRI. The minimum application amount is Rs 1,000 and in multiples of Re 1 thereafter.

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Categorisation

Three index funds, and a thematic fund will open for subscription this week, according to data by ACE MF.

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