This week is special for mutual fund investors because seven new funds (NFOs) are opening for subscription across different categories.
These funds include equity thematic funds, ETFs, ETF FOFs, silver funds, ESG funds, and low-duration debt funds.
Mutual fund companies launch NFOs to expand their product range and give investors new opportunities to invest in different themes and asset classes. Below is a detailed explanation of each fund.
Equity, Sectoral and Thematic Funds
Mirae Asset Nifty Metal ETF FOF
This fund is designed for investors who want to benefit from the growth of the metal sector without selecting individual stocks. It will invest in the Mirae Asset Nifty Metal ETF, and its performance will depend on the NIFTY Metal TRI.
Since the metal sector depends on infrastructure spending, capital expenditure cycles, and global demand, it is highly volatile. Therefore, this fund has a high risk profile.
NFO Period: February 10 to February 23
Minimum Investment: ₹5,000
Risk Level: High
ITI Business Cycle Fund
This fund focuses on different phases of the economic cycle. It will dynamically invest in sectors and stocks based on economic conditions.
Higher equity exposure during growth phases
More defensive sectors during slowdowns
This fund is suitable for investors who want to benefit from economic cycles but can handle high risk.
NFO Period: February 13 to February 27
Risk Level: High
Groww BSE Hospitals ETF
The healthcare and hospital sector is considered strong for long-term investment. This ETF will track the BSE Hospitals Index and aim to deliver returns similar to the index, though tracking errors may occur.
It is suitable for investors who want passive exposure to the healthcare sector.
NFO Period: February 11 to February 25
Baroda BNP Paribas ESG Best-in-Class Strategy Fund
ESG (Environmental, Social, and Governance) investing is becoming an important long-term theme. This fund will invest in companies that perform well on ESG parameters.
It is an actively managed equity fund focused on long-term capital growth.
NFO Period: February 12 to February 26
Benchmark: NIFTY 100 ESG TRI
Debt and Commodity-Based Funds
Bajaj Finserv Low Duration Fund
This fund is suitable for investors looking for relatively safe short-term investments. It will invest in debt and money market instruments with a portfolio duration of 6 to 12 months.
The fund aims to provide stable returns with good liquidity and has moderate risk compared to equity funds.
NFO Period: February 9 to February 16
Risk Level: Moderate
Angel One Silver ETF FOF
Silver investment is gaining popularity as investors look to diversify beyond gold. This fund will invest in the Angel One Silver ETF instead of directly buying silver.
Its performance will depend on domestic silver prices. The low minimum investment makes it attractive for small investors, but it carries high risk due to price volatility.
NFO Period: February 9 to February 23
Minimum Investment: ₹500
Risk Level: High
Angel One Silver ETF
This fund will invest directly in physical silver and silver-related instruments. Its returns will be based on domestic silver prices.
It is suitable for investors who want more exposure to commodities, but it involves high risk because of sharp price fluctuations.
NFO Period: February 9 to February 19
Risk Level: High
