These Mutual funds NFOs are Open for Subscription Now

A Mutual Fund collects money from investors to buy a diversified portfolio of stocks, bonds or other securities. There are around 10 mutual fund NFOs available for investment now. Mutual fund companies launch these new funds to expand and diversify their range of investment options.

These funds belong to six different categories. From these funds Three funds are from thematic and index funds each, one gilt fund, a smallcap fund, an ETF, and an ELSS fund are open for subscription.

ELSS or Equity Saving Scheme, is a type of mutual fund that offers tax benefits and is a popular choice for long-term investors. from this fund, MF Bajaj Finserv ELSS Tax Saver Fund and Bajaj Finserv Gilt Fund are open for subscription and will close on January 22 and January 13 respectively.

UTI Quant Fund is a type of thematic fund that uses mathematical and statistical models to make investment choices. UTI Quant Fund is open for subscription and will close for subscription on January 16.

index fund is a type of investment mutual fund or exchange-traded fund that seeks to track the return of the market index. In index funds, Kotak Nifty Smallcap 250 Index Fund and Bandhan Nifty Alpha Low Volatility 30 Index Fund are open for subscription and both will close on January 20.

Two thematic funds are open for subscription which are the WOC Quality Equity Fund and ICICI Pru Rural Opportunities Fund the funds are open for subscription on January 22 and will close on January 23 respectively.

Small funds are a type of mutual fund that invests in companies that are not among the top 250 companies by market capitalisation. In small-cap funds, Mirae Asset Small Cap Fund is open for subscription and will close on January 24.

There are two funds from DSP MF and those are – DSP BSE Sensex Next 30 ETF and DSP BSE Sensex Next 30 Index Fund are open for subscription and both will close on January 24.