November 2024 is set to bring several new fund offerings (NFOs) to India’s mutual fund landscape, providing fresh investment opportunities across a wide range of asset classes. These NFOs include sector-specific funds, thematic funds, index funds, and multi-cap funds, giving investors diverse options to consider based on their risk tolerance and financial goals.
In this blog, we’ll examine each NFO in detail, providing insights into the fund objectives, key features, and potential benefits.
Here’s a snapshot of the key NFOs launching in November 2024:
Fund Name | Open Date | Close Date | NAV (₹) | Minimum Investment (₹) | Category |
Shriram Multi-Sector Rotation Fund | November 18, 2024 | December 2, 2024 | 10.00 | 500.00 | Equity – Sectoral/Thematic |
Franklin India Arbitrage Fund | November 4, 2024 | November 18, 2024 | 10.00 | 5,000.00 | Arbitrage Fund |
Aditya Birla Sun Life Crisil-IBX AAA Financial Services Index-Sep2027 Fund | November 4, 2024 | November 12, 2024 | 10.00 | 1,000.00 | Index Fund |
Shriram Liquid Fund | November 4, 2024 | November 8, 2024 | 1,000.00 | 1,000.00 | Debt – Liquid Fund |
Zerodha Gold ETF FoF – Direct Plan | Oct 25, 2024 | November 8, 2024 | 10.00 | 500.00 | ETF – Fund of Funds |
PGIM India Healthcare Fund | November 19, 2024 | December 3, 2024 | TBD | TBD | Equity – Sectoral/Thematic |
Groww Multicap Fund | November 26, 2024 | December 10, 2024 | TBD | TBD | Equity – Multi Cap Fund |
Investors can subscribe to NFOs through their bank’s net banking platform or through a brokerage account. Mutual fund platforms, such as Angel One, offer streamlined processes for investors to apply directly through their apps or websites. Here are some tips:
November 2024’s NFO lineup offers a range of choices for investors, from conservative debt and liquid funds to sectoral equity funds targeting high-growth sectors. Whether you’re seeking stability, sector-specific growth, or exposure to the evolving healthcare sector, the market’s cyclicality, or multi-cap diversification, there’s an NFO to match nearly every investment profile. By thoroughly evaluating each fund’s objectives, strategies, and risk levels, investors can make informed decisions tailored to their financial goals.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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