Eight mutual fund NFOs will open this week, including Kotak Nifty 100 Equal Weight ETF and Bandhan FMP-209-93D. Others include SBI Nifty IT Index Fund, Bajaj Finserv Multi Cap Fund, ITI Bharat Consumption Fund,
The article from MSN Money discusses the launch of several new mutual fund New Fund Offers (NFOs) in India this week. Highlighting the SBI Nifty IT Index Fund, which opened for subscription on May 8, 2023, and will close on May 22, 2023, it aims to replicate the performance of the NIFTY IT Index, focusing on IT sector companies. Other NFOs include the Kotak Special Opportunities Fund, which targets unique investment opportunities, and the Quant Business Cycle Fund, which uses a dynamic investment strategy based on economic cycles. Additionally, there are offerings like the Axis India Manufacturing Fund, focusing on the manufacturing sector, and the Samco Active Momentum Fund, which employs a momentum-based investment strategy. These funds provide investors with diverse options to invest in specific sectors or strategies, catering to different risk appetites and investment goals.
Automotive & Transportation
