If you’re considering investing in a New Fund Offer (NFO), today, Monday, marks the launch of 6 new mutual fund schemes for subscription.
These schemes could provide fresh opportunities for your investment portfolio, whether you’re looking for safe options or aiming for higher returns.
Before you invest, make sure to select the right scheme based on your risk appetite and financial goals.
Angel One Launches Two New NFOs
Angel One Nifty Total Market Index Fund
This new open-ended index fund aims to track the Nifty Total Market Index. While it seeks to replicate the index’s total return, some tracking error is possible.
The fund’s subscription is open from 10th February 2025 to 21st February 2025, with a minimum investment of ₹1,000.
There is no entry or exit load. This option is suitable for long-term investors looking to link their portfolio performance to the Nifty index.
Angel One Nifty Total Market ETF
Similar to the index fund, this open-ended ETF also tracks the Nifty Total Market Index. It is designed for investors aiming for broad market returns over the long term.
The minimum investment amount is ₹1,000, and there is no entry or exit load. This fund is open for investment from 10th February to 21st February 2025.
Other NFOs Available for Investment
Nippon India Active Momentum Fund
This equity fund focuses on achieving long-term capital growth by investing in stocks selected through a unique quantitative model.
It will be open from 10th February to 24th February 2025. The minimum investment is ₹500.
An exit load of 1% applies if units are redeemed within a year, but no exit load will apply after that. This fund is ideal for investors seeking capital appreciation over time.
Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund
Edelweiss has launched a new index fund that invests in AAA-rated bonds from NBFC and HFC companies.
This fund aims to track the CRISIL-IBX AAA NBFC-HFC Index with maturity before June 2027.
The subscription period is from 10th February to 17th February 2025, with a minimum investment of ₹100.
A 0.10% exit load applies if funds are withdrawn within 30 days, but there’s no exit load after that. This fund is suitable for investors seeking stable returns with lower risk.
Union Mutual Fund Introduces Two New NFOs
Union Gold ETF
Union Mutual Fund has launched the Union Gold ETF, which tracks the domestic price of physical gold, though there may be tracking errors.
The minimum investment amount is ₹1,000, and the NFO will close on 17th February 2025. This scheme is ideal for investors interested in gold as an asset class.
Union Gold ETF Fund of Fund
This Fund of Fund (FoF) invests in the Union Gold ETF to generate long-term capital growth. The minimum investment is ₹1,000,
and the NFO will close on 24th February 2025. Investors seeking long-term capital appreciation through exposure to gold can consider this option.
These NFOs offer diverse options based on different investment goals, ranging from equity growth to stable bond returns.
Always ensure that you assess each option carefully in line with your investment objectives before making a decision.
