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Beyond JioBlackRock: Eight other mutual fund NFOs open for subscription this week

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Around 11 mutual fund NFOs are currently open for subscription, of which three are from JioBlackRock Mutual Fund and eight others are from different fund houses. JioBlackRock Liquid Fund, JioBlackRock Money Market Fund, JioBlackRock Overnight Fund, TRUSTMF Multi Cap Fund, and ICICI Pru Nifty Private Bank Index Fund are open for subscription.

Nippon India MNC Fund, Sundaram Multi-Factor Fund, Groww Nifty 50 ETF, Invesco India Income Plus Arbitrage Active FoF, Groww Nifty 50 Index Fund, and JM Large & Mid Cap Fund are upcoming NFOs and will open for subscription later this week.

These 11 funds include two index funds, two thematic funds, a large & mid cap fund, a multi cap fund, a money market fund, a liquid fund, an ETF, and a fund of funds investing domestically.

Also Read | JioBlackRock Liquid Fund NFO to open on June 30. A safe bet for regular income?

JioBlackRock Liquid Fund

JioBlackRock Liquid Fund is an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The new fund offer (NFO) is currently open for subscription and will close on July 2.

The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 days.

The scheme will be benchmarked against the Nifty Liquid Index A-I and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The fund will allocate 0–100% of its assets to debt instruments and money market instruments with residual maturity of up to 91 days.

JioBlackRock Money Market Fund

JioBlackRock Money Market Fund is an open-ended debt scheme investing in money market instruments with relatively low interest rate risk and moderate credit risk. The NFO is open for subscription and will close on July 2.

The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments with residual maturity of up to one year.

The scheme will be benchmarked against the NIFTY Money Market Index A-I and managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb. The exit load on this money market fund is nil.

The scheme will allocate 0–100% of its assets to money market instruments having residual maturity of up to one year.

Also Read | NFO Update: ICICI Prudential Mutual Fund launches Nifty Private Bank Index Fund

JioBlackRock Overnight Fund

JioBlackRock Overnight Fund is an open-ended debt scheme investing in overnight securities, with relatively low interest rate risk and relatively low credit risk. The NFO is open for subscription and will close on July 2.

The investment objective of the scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. The scheme will be benchmarked against the Nifty 1D Rate Index.

The fund will allocate 0–100% of its assets to overnight securities or debt and money market instruments maturing on or before the next business day.

TRUSTMF Multi Cap Fund

TRUSTMF Multi Cap Fund is an open-ended equity scheme investing in large-cap, mid-cap, and small-cap stocks. The NFO is open for subscription and will close on July 14.

The fund will be benchmarked against the NIFTY 500 Multi Cap 50:25:25 TRI and managed by Mihir Vora and Aakash Manghani.

The minimum amount for purchase (including switch-in) is Rs 1,000 and in multiples of any amount thereafter. The minimum amount for a monthly SIP is Rs 1,000 (plus in multiples of any amount) with at least six instalments.

The fund will allocate 75–100% of its assets to equity and equity-related instruments of large-cap, mid-cap, and small-cap companies, 0–25% in debt and money market instruments (including cash & cash equivalents), and 0–10% in units issued by REITs and InvITs.

ICICI Pru Nifty Private Bank Index Fund

ICICI Pru Nifty Private Bank Index Fund is an open-ended index scheme replicating the Nifty Private Bank Index. The NFO is open for subscription and will close on July 14.

The fund will be benchmarked against the Nifty Private Bank TRI and managed by Nishit Patel and Ashwini Shinde. The exit load is nil.

The minimum amount for daily, weekly, fortnightly, and monthly SIPs is Rs 1,000 (plus in multiples of Re 1) with at least six instalments. For quarterly SIPs, the minimum is Rs 1,000 (plus in multiples of Re 1) with at least four instalments.

Nippon India MNC Fund
Nippon India MNC Fund is an open-ended equity scheme following a multinational company (MNC) theme. The NFO will open for subscription on July 2 and close on July 16.

The fund will be benchmarked against the NIFTY MNC TRI and managed by Dhrumil Shah and Kinjal Desai.

The minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The scheme will allocate 80–100% of assets to equity and equity-related instruments of MNCs, 0–20% to equity instruments of companies other than MNCs, and 0–20% to debt and money market instruments.

Sundaram Multi-Factor Fund

Sundaram Multi-Factor Fund is an open-ended equity scheme that follows a multi-factor-based investment strategy. The NFO will open for subscription on July 2 and close on July 16.

The fund will be benchmarked against the BSE 200 TRI and managed by Rohit Seksaria, S. Bharath, Dwijendra Srivastava, and Sandeep Agarwal.

The minimum investment amount for the first investment is Rs 100 and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 100 with at least six instalments.

The fund will allocate 80–100% of its assets to equity and equity-related instruments selected based on a multi-factor quantitative model, 0–20% to other equity and equity-related instruments, 0–20% to debt and money market securities (including Tri-Party Repo), and 0–10% to investments in REITs/InvITs.

Groww Nifty 50 ETF
Groww Nifty 50 ETF is an open-ended scheme tracking the Nifty 50 Index – TRI. The NFO will open for subscription on July 2 and close on July 16.

The fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash Chauhan.

The minimum amount is Rs 500 and in multiples of Re 1 thereafter. Units will be allotted in whole numbers, and any balance amount below the minimum will be refunded.

Invesco India Income Plus Arbitrage Active FoF
Invesco India Income Plus Arbitrage Active FoF is an open-ended fund-of-fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage schemes. The NFO will open for subscription on July 2 and close on July 16.

The fund will be benchmarked against a blended index: 60% Nifty Corporate Bond Index A-II + 35% Nifty 50 Arbitrage + 5% Nifty 1D Rate Index, and managed by Vikas Garg (Fixed Income) and Deepak Gupta (Arbitrage).

For lump-sum investment, the minimum amount is Rs 1,000 per application and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter, with at least six instalments.

Groww Nifty 50 Index Fund

Groww Nifty 50 Index Fund is an open-ended scheme tracking the Nifty 50 Index - TRI. The NFO will open for subscription on July 2 and close on July 16.

The fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash Chauhan.

The minimum amount for the initial purchase is Rs 500 and in multiples of Re 1 thereafter. The minimum amount for a monthly SIP is Rs 500 and in multiples of Re 1.

JM Large & Mid Cap Fund
JM Large & Mid Cap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The NFO will open for subscription on July 4 and close on July 18.

The fund will be benchmarked against the Nifty Large Midcap 250 TRI.

The investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities, predominantly of large-cap and mid-cap stocks. The minimum investment amount is Rs 1,000 per plan, option, or sub-option, and in multiples of Re 1 thereafter for first-time investments.
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