List Of Mutual Fund NFOs Currently Open For Subscription

1. Mirae Asset Hang Seng Tech ETF FoF:

The scheme aims to offer long term capital appreciation by investing primarily in units of Mirae Asset Hang Seng Tech ETF. The open ended scheme offer period is between November 17, 2021 and December 1, 2021. Minimum subscriptoon amount under the scheme is Rs. 5000 and in multiples of Rs. 1/- thereafter.

Post the NFO period, being an open ended scheme, the scheme shall be open for fresh subscriptions beginning December 9, 2021 at the NAV prevalent at that time. Note during the NFO period, the NAV shall remain Rs. 10.

Among its peers, Motilal Oswal NASDAQ 100 ETF commands the largest AUM of Rs. 5700 crore and its returns have also been promising with 5-year return of 29.13%.

2. Nippon India Taiwan Equity Fund:

This open ended equity scheme from the stable of Nippon India AMC follows a Taiwan focused theme. The fund is one of its kind diversification opportunity into Taiwan which is among world leaders in science and tech and hence commands the second-highest weight in the MSCI Emerging Markets Index and ranked 8th in IMD World Digital Competitiveness Ranking, 2021.

The NFO which opened on November 22 will close on December 6, 2021.

Minimum application amount : Rs. 500 & in multiples of Re. 1 thereafter; while the benchmark is Benchmark is Taiwan Capitalization Weighted Stock Index (TAIEX).

3. Axis Multicap fund:

Labelling it the #Powerpackedfund”, the scheme shall invests across market capitalisation and hence provide investors with exposure to large, mid and small cap stocks.

NFO period – November 26-December 10, 2021

As per the mutual fund, the investment shall be apt for those looking for capital appreciation over the long term and looking to invest in a mix of equity securities across m-cap.

Disclaimer:

The above mentioned NFOs are not a call for investment in them but as is being seen NFOs are raking in huge money and providing a boost to mutual fund investment landscape as a whole. So, here is collated information on all the NFOs that are currently open.

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