Groww Nifty India Defence ETF and 9 other mutual fund NFOs to open for subscription this week
Tata Nifty200 Alpha 30 Index Fund are currently open for subscription, with another eight NFOs set to open later this week.
These 10 funds span eight different categories: two index funds, sectoral funds, dividend yield, large & mid-cap, multi-asset allocation, multicap, ultra-short duration, and an ETF.
Tata Nifty200 Alpha 30 Index Fund
The Tata Nifty200 Alpha 30 Index Fund is an open-ended scheme that tracks the Nifty200 Alpha 30 Index (TRI). The NFO for this scheme is open for subscription and will close on September 2.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-112619938»>The scheme will be benchmarked against the Nifty200 Alpha 30 Index (TRI) and managed by Kapil Menon. The minimum application amount is Rs 5,000, with subsequent investments in multiples of Re 1. The scheme will invest 95-100% in securities included in the Nifty200 Alpha 30 Index and 0-5% in debt or money market instruments, including units of mutual funds.
Franklin India Ultra Short Duration Fund
The Franklin India Ultra Short Duration Fund is an open-ended ultra-short-term debt scheme investing in instruments with a Macaulay duration of 3-6 months. It aims to offer relatively low interest rate risk and moderate credit risk. The NFO is open for subscription and will close on August 28.
The scheme will be managed by Rahul Goswami and Pallab Roy and will be benchmarked against the Nifty Ultra Short Duration Debt Index A-I. The minimum application amount for a fresh purchase is Rs 5,000,
