Index Fund Corner
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| Scheme Name | 1-Year Return | Invest Now | Fund Category | Expense Ratio |
|---|---|---|---|---|
| Axis Nifty 50 Index Fund | +32.80% | Invest Now | Equity: Large Cap | 0.12% |
| Axis Nifty 100 Index Fund | +38.59% | Invest Now | Equity: Large Cap | 0.21% |
| Axis Nifty Next 50 Index Fund | +71.83% | Invest Now | Equity: Large Cap | 0.25% |
| Axis Nifty 500 Index Fund | — | Invest Now | Equity: Flexi Cap | 0.10% |
| Axis Nifty Midcap 50 Index Fund | +46.03% | Invest Now | Equity: Mid Cap | 0.28% |
The trend does not seem to be slowing down with mutual fund houses launching NFOs designed to cater investors across categories. This week is also going to be a busy one for the mutual fund industry with the launch of three new NFOs.
The investors can also participate in the subscription of several other NFOs, which were launched last week.
Aditya Birla SL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund
The Aditya Birla SL CRISIL-IBX Financial Services 3 to 6 Months Debt Index Fund opened for subscription on December 9. The NFO will close on December 16. It is an open-ended Constant Maturity Index Fund tracking the CRISIL-IBX Financial Services 3 to 6 Months Debt Index. It is a relatively low interest rate and credit risk option.
The minimum investment amount is ₹1,000.
For more insights and to access various investment calculators, visit CNBC TV18 Investment Calculators.
ICICI Prudential Nifty 500 Index Fund
ICICI Prudential Nifty 500 Index Fund, an open-ended index scheme replicating the Nifty 500 Index, is available for subscription between December 10 and December 17.
The scheme, which follows a passive investment strategy, allows investors an opportunity to put their money in India’s top 500 companies. The minimum application amount is ₹100.
Edelweiss BSE Capital Markets & Insurance ETF
Edelweiss BSE Capital Markets & Insurance ETF tracks the performance of the BSE Capital Markets & Insurance Total Return Index (TRI). The scheme will invest 95%-100% of the available funds in securities represented in the index. The remaining portion may also be invested in money market instruments for liquidity. The subscription window for this fund will be open between December 10 and December 24. The initial investment required is ₹5,000
Investors can subscribe to 13 more NFOs this week
In addition to these NFOs, as many as 13 other new fund offers, launched last week or earlier, are also open for subscription.
This includes Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund (December 6 to December 10), Bajaj Finserv Healthcare Fund (December 6 to December 20) and Bank of India Mutual Fund (November 29 to December 13).
Investors can also subscribe to Baroda BNP Paribas Children’s Fund (December 6 to December 20), DSP Business Cycle Fund (November 27 to December 11), Groww Multicap Fund (November 26 to December 10), Invesco India Multi Asset Allocation Fund (November 27 to December 11) and Motilal Oswal Nifty Capital Market Index Fund (November 26 and December 10).
The other NFOs open for subscription include, Quantum Ethical Fund (December 2 to December 16), Samco Multi Asset Allocation Fund (December 4 to December 18), SBI Quant Fund (December 4 to December 18), Union Active Momentum Fund (November 28 to December 12), Kotak Nifty 100 Equal Weight Index Fund and Kotak Nifty 50 Equal Weight Index Fund (December 2 to December 16).
(Edited by : Anshul)
First Published: Dec 10, 2024 4:56 PM IST
