NJ Flexi Cap Fund is an open-ended equity scheme that will invest across large cap, mid cap, small cap stocks. The new fund offer of the scheme will open for subscription on August 15 and will close on August 29. The investment objective of the scheme is to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalizations. The scheme will be benchmarked against Nifty 500 TRI. The scheme will be managed by Dhaval Patel. The minimum application amount for lumpsum investment will be Rs 500 and in multiples of Re 1 thereafter. The scheme will invest 65-100% in equity and equity-related instruments and 0-35% in debt and money markets.
Union Innovation & Opportunities Fund is an open-ended equity scheme following the innovation theme. The new fund offer of the scheme will open for subscription on August 16 and will close on August 30. The investment objective of the scheme is to achieve long-term capital appreciation by investing predominantly in equity and equity-related securities of innovative companies. The scheme will be benchmarked against Nifty 500 Index (TRI). The scheme will be managed by Hardick Bora, and Sanjay Bembalkar The minimum application amount required is Rs 1,000 and in multiples of Re 1 thereafter. The scheme will invest 80-100% in equity and equity-related instruments of innovative companies, 0-20% in equity and equity-related instruments of other companies, 0-20% in debt and money market instruments, and 0-10% in units issued by REITs and InvITs.
HDFC Nifty 1D Rate Liquid ETF is an open-ended scheme replicating/tracking NIFTY 1D Rate Index (TRI). The new fund offer of the scheme will open for subscription on August 18 and will close on August 23. The investment objective of the scheme is to invest in tri-party repos in government securities or treasury bills (TREPS). The scheme aims to provide investment returns that, before expenses, correspond to the returns of the NIFTY 1D Rate Index, subject to tracking errors. The scheme will be benchmarked against NIFTY 1D Rate Index (TRI). The scheme will be managed by Vikash Agarwal. The scheme will invest 95-100% in tri-party repos in government securities or treasury bills (TREPS) and 0-5% in units of overnight/ liquid schemes, money market instruments (with maturity not exceeding 91 days), cash & cash equivalents. The minimum application amount will be Rs 5,000 per application and in multiples of Re 1 thereafter.
Shriram Multi Asset Allocation Fund is an open ended-scheme investing in equity, debt & money market securities and gold/silver ETFs and related instruments. The new fund offer of the scheme will open for subscription on August 18 and will close on September 1. The primary objective of the scheme is to generate long-term capital appreciation with inflation beating returns by investing in equity and equity related securities, debt and money market instruments, gold/silver ETFs, and REITs / InvITs. The performance of the scheme will be benchmarked against Nifty 50 TRI (70%) + NIFTY Short Duration Debt Index (20%) + Domestic prices of Gold (8%) + Domestic prices of Silver (2%). The scheme will be managed by Deepak Ramaraju, and Gargi Bhattacharyya Banerjee.
Bandhan Nifty IT Index Fund is an open-ended scheme tracking Nifty IT Index. The new fund offer of the scheme will open for subscription on August 18 and will close on August 28. The investment objective of the scheme is to replicate the Nifty IT Index by investing in securities of the Nifty IT Index in the same proportion / weightage with an aim to provide returns before expenses that tracks the total return of Nifty IT Index, subject to tracking errors. The performance of the scheme will be benchmarked against Nifty IT TRI. The scheme will be managed by Nemish Sheth.
Should you invest in new fund offers or NFOs to maximize the returns from your mutual fund portfolio? We typically ask investors to avoid investing in NFOs unless they offer something unique. The uniqueness could be that the scheme is offering an investment option that is not available in the market or offering something extra to an existing option. Otherwise, we believe investors are better off with an existing scheme with a long performance record. This is because you have some historical data to base your investment decision. You don’t have any data when it comes to new offerings.
