New Delhi:
Mutual funds are a great way to benefit from the rise in the stock market. They have become the first choice for investors who prefer not to invest directly in stocks.
As a result, the number of people investing in mutual funds is steadily increasing.
The variety of options available, catering to different levels of risk and return, makes mutual funds particularly attractive.
Continuous Launch of New Fund Offers
Lately, mutual fund companies have been launching new fund offers almost every week, providing investors with continuous new opportunities.
This week is no exception, with two new fund offers being introduced during a holiday-affected period. This week is no exception, with two new NFOs being introduced despite the holiday-affected schedule.
Stock Market Closure and Its Impact
This week began with a holiday for major stock markets like BSE and NSE. Today, Monday, the markets are closed due to voting in Mumbai for the fifth phase of the Lok Sabha elections.
As a result, a public holiday has been declared in Mumbai, impacting the stock markets based there.As a result, a public holiday has been declared in Mumbai, affecting these Mumbai-based markets.
New Schemes from Kotak and Aditya Birla Mutual Funds
Kotak Mutual Fund is introducing the Kotak Nifty 100 Low Volatility 30 Index Fund, which will be open for subscription from May 22 to May 31. It will be benchmarked against the Nifty 100 Low Volatility 30 Index-TRI.
This open-ended scheme will be benchmarked against the Nifty 100 Low Volatility 30 Index-TRI and managed by Abhishek Bishen, Devendra Singhal, and Satish Dondapati.
Aditya Birla Mutual Fund is launching the Aditya Birla SL Crisil IBX Gilt June 2027 Index Fund, open from May 22 to June 4. will be benchmarked against the CRISIL IBX Gilt Index – June 2027.
This open-ended target maturity fund will be benchmarked against the CRISIL IBX Gilt Index – June 2027 and managed by Bhupesh Bameta and Sanjay Godambe.
