On October 10, 2024, three new mutual fund schemes will be launched, providing investors with fresh opportunities in the stock market. Two of these new fund offers (NFOs) are from Mirae Asset Mutual Fund, and one is from Helios Mutual Fund. If you are planning to invest in any of these schemes, here’s what you need to know about each one and how they could fit into your investment strategy.
1. Mirae Asset Nifty 50 Index Fund
This is an open-ended equity scheme that tracks the NIFTY 50 Total Return Index (TRI). It’s designed for investors looking to invest in top companies from the Nifty 50 index, which includes 50 of the largest and most reliable companies in India. This fund provides a low-cost option for investing in large-cap companies.
Key Details:
- Open Date: October 10, 2024
- Close Date: October 18, 2024
- Category: Equity Largecap
- Minimum Investment: Rs. 5000
- Lock-in Period: None
- Exit Load: None
- Benchmark: NIFTY 50 TRI
This scheme is ideal for long-term investors who want exposure to stable large-cap companies in India. With no exit load and a low minimum investment requirement, it’s a good starting point for new investors.
2. Mirae Asset Nifty LargeMidcap 250 Index Fund
This fund will track the Nifty LargeMidcap 250 TRI, focusing on both large-cap and mid-cap stocks. The portfolio will consist of 100 large-cap and 150 mid-cap companies, providing a more diversified exposure than just large caps.
Key Details:
- Open Date: October 10, 2024
- Close Date: October 18, 2024
- Category: Equity Large and Midcap
- Minimum Investment: Rs. 5000
- Lock-in Period: None
- Exit Load: None
- Benchmark: NIFTY Large Midcap 250 TRI
This scheme can be a good option for investors who want to balance their portfolios with both large, established companies and mid-sized companies with high growth potential. The Nifty LargeMidcap 250 index offers a broader range of opportunities.
3. Helios Large & Mid Cap Fund
The third NFO, from Helios Mutual Fund, also focuses on large-cap and mid-cap companies but comes with slightly different features. The benchmark for this fund is the same as the Mirae Asset Nifty LargeMidcap 250 Index Fund, but Helios charges an exit load of 1% if the investment is redeemed within 3 months.
Key Details:
- Open Date: October 10, 2024
- Close Date: October 24, 2024
- Category: Equity Large and Midcap
- Minimum Investment: Rs. 5000
- Lock-in Period: None
- Exit Load: 1% if redeemed within 3 months
- Benchmark: NIFTY Large Midcap 250 TRI
Helios Mutual Fund aims to provide growth by investing in a mix of large-cap and mid-cap stocks. The exit load ensures that the investors remain committed for at least three months, which is a short-term condition compared to other funds.
Why Invest in These NFOs?
Investing in an NFO gives you an early entry into a mutual fund scheme, which can be beneficial if the market performs well over the long term. However, it is essential to evaluate each scheme based on your financial goals, risk tolerance, and investment horizon. Always consult a financial advisor if you are unsure about which fund best suits your needs.
These three NFOs provide different opportunities, whether you are looking for stable returns from large caps or a mix of large and mid-cap stocks for potential growth. Each scheme has a low minimum investment requirement, making it accessible to retail investors.
(Note: Past returns of the index do not guarantee future performance. There are risks involved in market investments. Always seek expert advice before investing.)
