WhiteOak Capital Banking & Financial Services Fund, WhiteOak Capital Pharma and Healthcare Fund, SBI Nifty50 Equal Weight Index Fund, Old Bridge Focused Equity Fund, Groww Banking & Financial Services Fund, and Motilal Oswal Large Cap Fund will open for subscription later this week.
Bajaj Finserv Nifty 50 ETF
Bajaj Finserv Nifty 50 ETF is an open-ended exchange traded fund tracking NIFTY 50 Index.
The NFO of the scheme is open for subscription and it will close on January 18.
The investment objective of the scheme is to provide returns that are corresponding with the performance of the NIFTY 50 Index, subject to tracking errors. The scheme will be benchmarked against Nifty 50 – TRI. The scheme will be managed by Sorbh Gupta and Ilesh Savla.
The scheme will invest 95-100% in securities of companies constituting the Nifty 50 Index (the underlying index) and 0-5% in debt and money market instruments. The minimum application amount is Rs 500 per application and in multiples of Re 1 thereafter.
Bajaj Finserv Nifty Bank ETF
Bajaj Finserv Nifty Bank ETF is an open-ended exchange traded fund tracking Nifty Bank Index. The NFO of the scheme is open for subscription and it will close on January 18. The investment objective of the Scheme is to provide returns that are corresponding with the performance of the Nifty Bank Index, subject to tracking errors.
The scheme will be benchmarked against Nifty Bank TRI. The scheme will be managed by Sorbh Gupta and Ilesh Savla.
The scheme will invest 95-100% in securities of companies constituting Nifty Bank Index (the underlying index) and 0-5% in debt and money market instruments. The minimum application amount is Rs 500 per application and in multiples of Re 1 thereafter.
ICICI Prudential Nifty50 Value 20 Index Fund
ICICI Prudential Nifty50 Value 20 Index Fund is an open-ended Index scheme replicating Nifty50 Value 20 Index. The NFO of the scheme is open for subscription and it will close on January 29. The scheme will re-open for continuous sale and repurchase within five business days from the date of allotment.
The objective of the scheme is to invest in companies whose securities are included in Nifty50 Value 20 Index in the same weightage that they represent in Nifty50 Value 20 Index in order to achieve the returns of the above index, subject to tracking errors.
The scheme will be benchmarked against Nifty50 Value 20 TRI. The scheme will be managed by Nishit Patel, Priya Shridhar, and Kewal Shah.
The scheme will allocate 95-100% in equity and equity related securities of companies constituting the underlying index (Nifty50 Value 20 Index) and 0-5% in money market instruments including TREPs and units of debt schemes. The minimum application amount is Rs 100 (plus in multiple of Re 1). The minimum application amount for daily, weekly, fortnightly, monthly SIP is Rs 100 (plus in multiple of Re 1) with minimum six instalments.
WhiteOak Capital Banking & Financial Services Fund
WhiteOak Capital Banking & Financial Services Fund will be an open-ended equity scheme investing in the banking and financial services sector. The NFO of the scheme will open for subscription on January 16 and it will close on January 30.
The primary objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of banks and companies engaged in the financial services sector.
The scheme will be benchmarked against Nifty Financial Services Total Return Index (TRI). The scheme will be managed by Trupti Agrawal, Piyush Baranwal, Ramesh Mantri, and Shariq Merchant.
The minimum application amount will be Rs 500 and in multiples of Re 1 thereafter. The minimum application amount for weekly, fortnightly, and monthly will be Rs 100 (plus in multiple of Re 1) with minimum six instalments. The scheme will invest 80-100% in equity and equity related instruments of banks & companies engaged in financial services sector, 0-20% in equity and equity related instruments companies other than engaged in financial services sector, 0-20% in debt securities and money market instruments, and 0-10% in units issued by REITS and InVITs.
The scheme will follow a bottom-up approach to stock-picking and choose companies which are expected to get benefitted from the growth of the banking & financial services sector.
WhiteOak Capital Pharma and Healthcare Fund
WhiteOak Capital Pharma and Healthcare Fund will be an open-ended equity scheme investing in the pharma and healthcare sector. The NFO of the scheme will open for subscription on January 16 and it will close on January 30.
The primary objective of the scheme is to provide long-term capital appreciation by investing predominantly in equity and equity related instruments of pharma and healthcare companies.
The scheme will be benchmarked against S&P BSE Healthcare TRI. The scheme will be managed by Ramesh Mantri, Dheeresh Pathak, Piyush Baranwal, and Shariq Merchant.
The minimum application amount will be Rs 500 and in multiples of Re 1 thereafter. The minimum application amount for weekly, fortnightly, and monthly will be Rs 100 (plus in multiple of Re 1) with minimum six instalments. The scheme will invest 80-100% in equity and equity related instruments of pharma and healthcare companies, 0-20% in equity and equity related instruments companies other than pharma and healthcare companies, 0-20% in debt securities and money market instruments, and 0-10% in units issued by REITS and InVITs.
SBI Nifty50 Equal Weight Index Fund
SBI Nifty50 Equal Weight Index Fund will be an open-ended scheme replicating/tracking NIFTY50 Equal Weight Index. The NFO of the scheme will open for subscription on January 16 and it will close on January 29.
The investment objective of the scheme is to provide returns that correspond to the total returns of the securities as represented by the underlying index, subject to tracking errors.
The scheme will be benchmarked against NIFTY50 Equal Weight Index . The scheme will be managed by Viral Chhadva.
The scheme will invest 95-100% of its assets in stocks comprising the NIFTY50 Equal Weight Index, 0-5% in equity derivatives or up to 5% in Government securities (like G-Secs, SDLs, treasury bills and any other like instruments as specified by the RBI from time to time), including tri party repo and units of liquid mutual fund. The minimum application amount will be Rs 5,000 and in multiples of Re 1 thereafter.
Groww Banking & Financial Services Fund
Groww Banking & Financial Services Fund will be an open ended equity scheme investing in banking and financial services related sectors. The NFO of the scheme will open for subscription on January 17 and it will close on January 31.
The investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors/companies. The fund aims to capitalize on the growth opportunities and growth potential of various sub-sectors within the BFSI sector, including (but not limited to) banks, NBFCs, insurance companies, asset management companies, capital market participants, fintech players etc.
The scheme will be benchmarked against Nifty Financial Services Total Return Index. The minimum application amount will be Rs 500 and in multiples of Re1 for purchases and of Re 0.01 for switches.
The scheme will invest 80-100% in equity and equity related instruments of companies engaged in the financial services sector, 0-20% in other equity & equity related instruments, 0-20% in debt & money market instruments, and 0-10% in units of REITs & InvITs.
Motilal Oswal Large Cap Fund
Motilal Oswal Large Cap Fund will be an open-ended equity scheme predominantly investing in large cap stocks. The NFO of the scheme will open for subscription on January 17 and it will close on January 31.
The investment objective of the scheme is to achieve long term capital appreciation by predominantly investing in equity and equity related instruments of large cap companies.
The scheme will be benchmarked against NIFTY 100 TRI. The scheme will be managed by Ajay Khandelwal, Niket Shah, Santosh Singh, Atul Mehra, Rakesh Shetty, Ankush Sood. The minimum application amount will be Rs 500 and in multiples of Re 1 thereafter.
Old Bridge Focused Equity Fund
Old Bridge Focused Equity Fund will be an open-ended mutual fund scheme investing in maximum 30 stocks. The NFO of the scheme will open for subscription on January 17 and it will close on January 19.
The scheme will be benchmarked against S&P BSE 500 TRI. The scheme will be managed by Kenneth Joseph Andrade and Tarang Agarwal. The investment objective of the scheme is to generate long term capital appreciation by investing in equity and equity related instruments of up to 30 companies across market capitalization.
The minimum application amount will be Rs 5,000 and multiplies of Re 1 thereafter. The minimum instalment of the Systematic Investment Plan (SIP) will be Rs 2,500 in multiples of Re 1 with six instalments.
The scheme will allocate 65-100% assets to equity and equity related instruments, 0-35% assets to debt and money market instruments, and 0-10% assets to units issued by REITS and InvITs.
