On Monday, November 11, new mutual fund schemes were available for subscription. This covers products offered by Tata Mutual Fund, UTI Mutual Fund, and Samco Mutual Fund. Before applying, investors looking for new investment options can review the specifics of these New Fund Offers (NFOs).
1. Samco Arbitrage Fund
Because it is considered as an equity-oriented fund for taxes purposes, Samco Mutual Fund’s new fund offer (NFO), an open-ended hybrid scheme with an emphasis on arbitrage, is perfect for investors in higher tax slabs.
November 11–November 21, 2024 is the NFO period.
The minimum subscription amount is ₹5,000, and after that, it is in multiples of ₹1. The scheme’s minimum additional purchase value is ₹500, and beyond that, it is in multiples of ₹1.
Exit load: 0.25% if the investment is redeemed or exchanged at least seven days prior to the unit allocation date; otherwise, there is no load.
2. Tata India Innovation Fund
An open-ended equity plan that focuses on innovation is the Tata Innovation Fund. For investors seeking long-term capital growth, it is perfect.
November 11–November 25, 2024 is the NFO period.
The minimum subscription amount is ₹5,000, and after that, it is in multiples of ₹1. SIP amounts start at ₹100 and go up in multiples of ₹1.
If redeemed within ninety days, the exit load is one percent of the applicable NAV.
3. UTI Nifty Alpha Low-Volatility 30 Index Fund
An open-ended scheme that replicates and tracks the Nifty Alpha Low-Volatility 30 TRI is the UTI Nifty Alpha Low-Volatility 30 Index Fund. For investors looking for returns that match the long-term performance of the Nifty Alpha Low-Volatility 30 Index, it is perfect.
November 11–November 25, 2024 is the NFO period.
The minimum subscription amount is ₹1,000, and after that, it is in multiples of ₹1. The next minimum investment amount under a folio is ₹1,000, and after that, it can be made in multiples of ₹1 with no higher limit.