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There are two upcoming New Fund Offers (NFOs) for mutual fund (MF) investors. One by Groww and one by Old Bridge. Groww and Old Bridge are launching NFOs for mutual fund investors. Groww’s NFO will be open from January 17th to 19th and will offer Equity: Flexi Cap funds. Old Bridge’s NFO is open from January 17th to 31st and offers Equity: Sector Bank Funds. An NFO or new fund offer is a subscription offer by an asset management company to launch a new category of funds. NFOs are issued by AMCs and similar to IPOs, MF investors can apply for NFOs during a specific period.
Future NFOs
Old Bridge Concentrated Equity Fund – Regular Plan
Fund type Open-end type
Fund class shares: Flexi Cap
Opens on January 17, 2024
Closed on January 19, 2024
Groww Banking & Financial Services Fund – Standard Plan
Fund type Open-end type
Fund class shares: Sector Banking
Opens on January 17, 2024
Closed on January 31, 2024
Mutual fund investors can also participate in NFOs currently being held by Baroda, DSP, Mirae and Bandhan. These NFOs offer different fund classes such as Equity: Large Cap, Equity: Multicap, and Hybrid: Multi-Asset Allocation.
NFO in progress
Baroda BNP Paribas NIFTY 50 Index Fund – Regular Plan
Fund type Open-end type
Fund Class Share: Large Cap
Opens on January 8, 2024
Closed on January 22, 2024
Investment objective: To provide investment returns close to the total return of securities represented by Nifty 50 Total.
Return index before expenses. Tracking errors, fees, and expenses may occur.
Minimum investment amount INR5000
Fund Manager Neeraj Saxena
DSP Multicap Fund – Regular Plan
Fund type Open-end type
Fund class shares: Multicap
Opens on January 8, 2024
Closed on January 22, 2024
Investment Objective: To generate long-term capital appreciation from a portfolio of stocks and equity-related securities across market capitalizations.
Minimum investment amount INR100
Fund Manager Chirag Dagri
Mirai Asset Multi-Asset Allocation Fund – Regular Plan
Fund type Open-end type
Fund class hybrid: multi-asset allocation
Opens on January 10, 2024
Closed on January 24th
DSP Nifty Healthcare ETF
Fund type Open-end type
Fund Class Shares: Pharmaceuticals by Sector
Opens on January 11, 24
Closed on January 25, 2024
Bandhan Multi Asset Allocation Fund – Regular Plan
Fund type Open-end type
Fund class hybrid: multi-asset allocation
Opens on January 10, 2024
Closed on January 24th
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