Six new fund offers (NFO) opened for subscription on February 10, 2025, which includes two exchange-traded funds (ETFs), one fund of fund (FoF), one thematic fund, and two index funds.
A total of six new fund offers (NFOs) opened for subscription on February 10, 2025. Here’s a brief overview of all
Six new fund offers (NFO) opened for subscription on February 10, 2025, which includes two exchange-traded funds (ETFs), one fund of fund (FoF), one thematic fund, and two index funds.
Here’s a quick look at these NFOs and brief details about them.
The Angel One Nifty Total Market ETF is an open-ended scheme that tracks the Nifty Total Market Index. This index tracks the performance of 750 stocks covering large-, mid-, small- and micro-cap segments. Stocks that are part of the Nifty 500 Index and Nifty Microcap 250 Index form part of the Nifty Total Market Index.
There is no exit load, and the minimum subscription amount is Rs 1,000, and in multiples of Re 1 thereafter. The scheme will allocate at least 95 per cent of its funds into equities and up to 5 per cent in debt securities and cash or cash equivalents.
According to the scheme information document (SID), the risk level of the scheme is very high. The NFO closes on February 21, 2025.
The Angel One Nifty Total Market Index Fund is an open-ended scheme that tracks the Nifty Total Market Index.
There is no exit load, and the minimum subscription amount is Rs 1,000, and in multiples of Re 1 thereafter.
This scheme will also allocate at least 95 per cent of its funds into equities and up to 5 per cent in debt securities and cash or cash equivalents.
According to the SID, the risk level of the scheme is very high. The NFO closes on February 21, 2025.
The Edelweiss CRISIL IBX AAA Bond NBFC HFC Jun 2027 Index Fund is an open-ended, passively managed debt index fund.
The investment objective of the scheme is to replicate the Crisil-IBX AAA NBFC-HFC Index - Jun 2027 by investing in AAA-rated NBFC-HFC corporate bond issuers maturing on or before June 2027.
The exit load is 0.10 per cent up to 30 days and nil after 30 days. The risk level of the scheme is moderate, according to the SID.
The minimum subscription amount is Rs 100 and in multiples of Re 1 thereafter. The scheme will allocate at least 95 per cent of its funds into fixed income instruments within the benchmark index, and up to 5 per cent in other short-term instruments, such as TREPS, Repo, T-Bills, government securities (G-secs), and state development loans (SDLs). The NFO closes on February 17, 2025.
The Nippon India Active Momentum Fund is an open-ended, actively managed thematic equity scheme that will invest in stocks exhibiting momentum characteristics.
The scheme, which will be benchmarked against AMFI Tier I Benchmark - NIFTY 500 TRI, will aim to achieve long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments.
The scheme will allocate between 80 and 100 per cent of its funds into equities, up to 20 per cent in debt and money market instruments and up to 10 per cent into real estate investment trusts (Reits) and infrastructure investment trusts (InvITs). The scheme has been tagged in the very high risk category, according to the SID.
The minimum subscription amount is Rs 500 and in multiples of Re 1 thereafter. The NFO will close on February 24, 2025.
Union Gold ETF Fund of Fund is an open-ended FoF. The investment objective of the scheme is to generate long-term capital appreciation by investing in units of Union Gold ETF.
The scheme has been classified as high risk, according to the SID. The fund will invest at least 95 per cent into units of Union Gold ETF and up to 5 per cent in debt and money market instruments, including units of debt-oriented mutual fund schemes.
The scheme will aim to generate returns in line with returns generated by investment in physical gold. The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter. The exit load is 1 per cent if units are redeemed or switched within one year of allotment, and nil if redeemed or switched after one year. The NFO closes on February 24, 2025.
The Union Gold ETF is an open-ended scheme that tracks the domestic price of gold.
The scheme will allocate a minimum of 95 per cent in gold and up to 5 per cent in debt and money market instruments, including units of mutual funds.
The minimum subscription amount is Rs 1,000 and in multiples of Re 1 thereafter. There is no exit load and the risk level of the scheme has been categorised as high risk. The NFO closes on February 17, 2025.