Upcoming NFOs: Two forthcoming new fund offers by Groww and Old Bridge for Mutual Fund (MF) investors
Old Bridge. Groww and Old Bridge are launching NFOs for mutual fund investors. Groww's NFO is open from 17 to 19 January and offers Equity: Flexi Cap funds.
Old Bridge's NFO is open from 17 to 31 January and offers Equity: Sectoral-Banking funds. NFO or a New Fund Offer is the subscription offer by an Asset Management Company to launch a new category of fund. An NFO is issued by an AMC and is open to MF investors for a specific period during which they can apply to the NFO, similar to an IPO.
Fund Type Open-ended Fund Class Equity: Flexi Cap Opens on 17-Jan-24 Closes on 19-Jan-24 Fund Type Open-ended Fund Class Equity: Sectoral-Banking Opens on 17-Jan-24 Closes on 31-Jan-24 Mutual Fund investors can also participate in the ongoing NFOs by Baroda, DSP, Mirae, and Bandhan. These NFOs offer various fund classes such as Equity: Large Cap, Equity: Multi Cap, and Hybrid: Multi Asset Allocation. Fund Type Open-Ended Fund Class Equity: Large Cap Opens on 08-Jan-24 Closes on 22-Jan-24 Investment Objective To provide investment returns closely corresponding to the total returns of the securities as represented by the Nifty 50 Total Returns Index before expenses, subject to tracking errors, fees, and expenses.
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