List of New NFO Feb 2024 – NFOs/FMP Schemes List
Here’s the list of New NFO, FMP List, Fund Type Details. Get New Fund Offers, Fixed Maturity Plans, Best NFO, Best FMP, NFO Mutual Fund, New NFO, List of Latest New Funds at Deal4loans.
‘New Fund Offer – NFO’ A security offering in which investors may purchase units of a closed-end mutual fund. A new fund offer occurs when a mutual fund is launched, allowing the firm to raise capital for purchasing securities.
NFOs/FMP Schemes List
Here are the new fund offers (NFOs) that are expected to launch in January 2024
- Samco Active Momentum Fund
- ITI Focused Equity Fund
- ITI Focused Equity Fund – Direct Plan
- NJ ELSS Tax Saver Scheme – Direct Plan
The details of these NFOs are as follows:
Samco Active Momentum Fund
- Open-ended equity scheme
- Fund manager: Ashish Maheshwari
- Investment objective: To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments
- Minimum investment amount: Rs.5,000
- Launch date: June 15, 2023
- Closing date: June 29, 2023
ITI Focused Equity Fund
- Open-ended equity scheme
- Fund manager: Alok Sharma
- Investment objective: To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies that are focused on the IT sector
- Minimum investment amount: Rs.5,000
- Launch date: May 29, 2023
- Closing date: June 12, 2023
ITI Focused Equity Fund – Direct Plan
- Open-ended equity scheme
- Fund manager: Alok Sharma
- Investment objective: To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments of companies that are focused on the IT sector
- Minimum investment amount: Rs.500
- Launch date: May 29, 2023
- Closing date: June 12, 2023
NJ ELSS Tax Saver Scheme – Direct Plan
- Open-ended equity linked savings scheme (ELSS)
- Fund manager: Arvind Mahajan
- Investment objective: To generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments
- Minimum investment amount: Rs.500
- Launch date: March 13, 2023
- Closing date: June 9, 2023
Please note that these are just the NFOs that are expected to launch in June 2023. The actual launch dates and other details may vary. It is always advisable to do your own research before investing in any NFO.
FMPs
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Kotak FMP Series 312
Kotak FMP Series 312 is a closed-end debt fund managed by Kotak Mahindra Mutual Fund. It was launched on May 22, 2023 and has a maturity period of 90 days. The fund aims to generate returns through investments in debt and money market instruments. The fund’s benchmark is the NIFTY Liquid Fund Index.
As of May 29, 2023, the fund’s asset under management (AUM) is ₹0.00 crore. The fund’s expense ratio is 0.0%.
The fund’s top 10 holdings are as follows:
- State Bank of India (SBI)
- ICICI Bank
- HDFC Bank
- Axis Bank
- Kotak Mahindra Bank
- State Bank of India (NSE)
- Union Bank of India
- Canara Bank
- Bank of Baroda
- Punjab National Bank
The fund’s performance has been as follows:
- Since launch: 0.0%
- 1 year: 0.0%
- 3 years: 0.0%
- 5 years: 0.0%
The fund’s risk profile is low to moderate.
It is important to note that past performance is not a guarantee of future results. Before investing in any mutual fund, it is important to do your own research and understand the risks involved.
Here are some of the risks associated with investing in Kotak FMP Series 312:
- Interest rate risk: The value of debt instruments can go down when interest rates rise.
- Credit risk: The fund’s investments in debt instruments are subject to credit risk. If the issuer of a debt instrument defaults on its payments, the fund may lose money.
- Liquidity risk: The fund may not be able to sell its investments quickly if there is a sudden decline in demand.
If you are considering investing in Kotak FMP Series 312, you should carefully consider the risks involved and make sure that the fund is suitable for your investment objectives and risk profile.
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Mirae Asset Silver ETF
