Looking to invest in fresh mutual fund schemes this October? You’re in luck! Several asset management companies (AMCs) are set to launch exciting new fund offers (NFOs) this month. These NFOs allow investors to buy units of new mutual funds at their subscription price, which is typically lower than their future net asset value (NAV). NFOs are a great way to start investing at a relatively low cost, often priced at Rs 10 per unit.
In this post, we’ll walk you through seven big NFOs set to open in the first half of October 2024. These schemes cover a range of categories, from equity multicap to thematic funds, giving investors plenty of options to diversify their portfolios.
1. Samco Multi Cap Fund
Open Date: October 10, 2024
Close Date: October 24, 2024
Category: Equity Multicap
Minimum Investment: Rs 5,000
Exit Load: 1% if redeemed within 1 year
Benchmark: Nifty 500 Multicap 50:25:25 TRI
Samco Mutual Fund is launching its Samco Multi Cap Fund, an open-ended equity scheme that invests across large, mid, and small-cap stocks. The fund will follow the Nifty 500 Multicap 50:25:25 Total Return Index (TRI), which means the portfolio will have a balanced allocation across different market capitalizations.
For investors looking for a diversified portfolio, this scheme could be a great pick. It requires a minimum investment of Rs 5,000, and there’s a 1% exit load if you redeem your units before one year. Since it’s a multicap fund, it will give you exposure to a broad range of companies from different sectors and sizes.
2. Helios Large & Mid Cap Fund
Open Date: October 10, 2024
Close Date: October 24, 2024
Category: Equity Large & Mid Cap
Minimum Investment: Rs 5,000
Exit Load: 1% if redeemed within 3 months
Benchmark: Nifty Large Midcap 250 TRI
Helios Mutual Fund is introducing its Large & Mid Cap Fund, an open-ended equity scheme designed to invest in both large-cap and mid-cap stocks. The scheme will track the Nifty Large Midcap 250 TRI index. If you’re someone who prefers a mix of stability from large-cap stocks and growth potential from mid-cap stocks, this fund could be ideal for your portfolio.
The minimum investment amount is Rs 5,000, and if you withdraw before three months, there’s a 1% exit load. It’s a good choice for those with a short-to-medium-term investment horizon.
3. Mirae Asset Nifty 50 Index Fund
Open Date: October 10, 2024
Close Date: October 18, 2024
Category: Equity Largecap
Minimum Investment: Rs 5,000
Exit Load: None
Benchmark: Nifty 50 TRI
Mirae Asset Mutual Fund is set to launch the Nifty 50 Index Fund, which will track the Nifty 50 TRI. This scheme is an open-ended equity fund focused on large-cap companies listed on the Nifty 50 Index. Index funds like this are designed to mirror the performance of the index they track.
With a low expense ratio, no exit load, and a minimum investment of Rs 5,000, this scheme is perfect for investors looking for a simple, cost-effective way to invest in India’s top 50 companies.
4. Mirae Asset Nifty LargeMidcap 250 Index Fund
Open Date: October 10, 2024
Close Date: October 18, 2024
Category: Equity Large & Mid Cap
Minimum Investment: Rs 5,000
Exit Load: None
Benchmark: Nifty Large Midcap 250 TRI
Another offering from Mirae Asset is the Nifty LargeMidcap 250 Index Fund. As the name suggests, it will track the Nifty Large Midcap 250 TRI, which includes a mix of large and mid-cap stocks. This open-ended equity scheme is a great option for investors looking to invest in both well-established companies and mid-sized businesses with growth potential.
The fund has no exit load and requires a minimum investment of Rs 5,000, making it a cost-effective way to gain diversified exposure to both large and mid-cap stocks.
5. Mirae Asset Nifty Total Market Index Fund
Open Date: October 8, 2024
Close Date: October 22, 2024
Category: Equity Flexi Cap
Minimum Investment: Rs 5,000
Exit Load: None
Benchmark: Nifty Total Market TRI
This Flexi Cap Fund from Mirae Asset allows you to invest across the market spectrum, from large to small-cap companies. It tracks the Nifty Total Market TRI, which gives you exposure to a wide range of companies across sectors and sizes.
With no exit load and a minimum investment of Rs 5,000, this NFO offers flexibility and diversity for investors looking to capture the performance of the broader market.
6. Axis Nifty500 Value 50 Index Fund
Open Date: October 4, 2024
Close Date: October 18, 2024
Category: Equity Value-Oriented
Minimum Investment: Rs 100
Exit Load: 0.25% for redemption within 15 days
Benchmark: Nifty 500 Value 50 TRI
Axis Mutual Fund is set to launch its Nifty 500 Value 50 Index Fund, which tracks the Nifty 500 Value 50 TRI. This scheme focuses on value-oriented stocks, which are typically undervalued by the market but have the potential for long-term growth.
The minimum investment is just Rs 100, making it an affordable option for beginner investors. With a small exit load of 0.25% for redemptions within 15 days, this fund is ideal for those seeking value-based investing at a low cost.
7. Kotak MNC Fund
Open Date: October 7, 2024
Close Date: October 21, 2024
Category: Equity Thematic MNC
Minimum Investment: Rs 100
Exit Load: 1% if redeemed within 1 year
Benchmark: Nifty MNC TRI
Kotak Mutual Fund is launching its Kotak MNC Fund, a thematic fund focused on multinational companies (MNCs). These companies have a global presence and strong business models, making them relatively stable in terms of earnings.
The minimum investment for this fund is Rs 100, and there’s a 1% exit load if you redeem before one year. This NFO is a great option for investors looking to tap into the global growth story through MNCs operating in India.
