As many as 10 mutual fund NFOs are lined up for debut this week. Franklin India Ultra Short Duration Fund, Tata Nifty200 Alpha 30 Index Fund and Union Multi Asset Allocation Fund Multi Asset Allocation Fund are already open for subscription. The remaining 8 NFOs will open later this week. Here are brief descriptions for each New Fund Offer (NFO) set to hit the market: Tata Nifty200 Alpha 30 Index Fund Tata Nifty200 Alpha 30 Index Fund aims to replicate the Nifty200 Alpha 30 Index, offering exposure to 30 high-alpha generating companies from the Nifty 200 universe. The index fund, which opened for subscription on August 19, will close on September 2, 2024. This fund is ideal for investors looking for a low-cost, passive investment option that seeks to outperform the broader market. Franklin India Ultra Short Duration Fund Franklin India Ultra Short Duration Fund is designed for investors seeking to park their money for a short period while aiming for better returns than a savings account. The fund invests in high-quality debt securities with a portfolio duration between three to six months. Its subscription started on August 19, and will close on August 28, 2024. Union Multi Asset Allocation Fund Union Multi Asset Allocation Fund provides diversification across various asset classes, including equity, debt and gold. This fund is suitable for investors looking for a balanced approach to managing risk and return. The NFO will remain open for subscription from August 20 to September 3, 2024. Also read: Mutual Funds: THESE 5 SIP mistakes can cost you dearly Nippon India Nifty 500 Equal Weight Index Fund Nippon India Nifty 500 Equal Weight Index Fund tracks the Nifty 500 Equal Weight Index, giving equal importance to each stock in the Nifty 500. The NFO will open on August 21 and close on September 4, 2024. ITI Large & Mid Cap Fund ITI Large & Mid Cap Fund fund focuses on investing in a mix of large and mid-cap companies, aiming to provide growth by capturing opportunities across different market capitalizations. It is suitable for investors looking for a blend of stability from large caps and growth potential from mid-caps. The fund opens for subscription on August 21 and will close on September 4, 2024. Bandhan BSE Healthcare Index Fund Bandhan BSE Healthcare Index Fund is focused on the healthcare sector, tracking the BSE Healthcare Index. This fund is ideal for investors bullish on the long-term growth prospects of the healthcare industry. The NFO will open on August 21 and close on September 3, 2024. Baroda BNP Paribas Dividend Yield Fund Baroda BNP Paribas Dividend Yield Fund invests in dividend-yielding stocks, aiming to provide regular income along with potential capital appreciation. It suits investors looking for a combination of income and growth from their equity investments. The NFO will open on August 22 and will close on September 5, 2024. Groww Nifty India Defence ETF An exchange-traded fund (ETF) focusing on India's defense sector, offering exposure to companies involved in defense manufacturing and services. This ETF is suitable for investors looking to capitalize on the growth in India's defense sector. The fund will open for subscription on August 22 and close on September 5, 2024. PGIM India Multi Cap Fund This multi-cap fund invests across large, mid, and small-cap companies, providing a diversified equity portfolio that aims to capture growth opportunities across the market spectrum. The NFO will open on August 22 and close on September 5, 2024. Axis Consumption Fund Axis Consumption Fund is a sectoral fund focusing on the consumption theme, investing in companies that benefit from consumer spending trends in India. This fund is ideal for investors looking to tap into the growth potential of India's consumption-driven economy. The NFO will open on August 23 and close on September 6, 2024.
