List of New Fund Offers (NFO) in February 2024: As many as 16 Mutual Fund New Fund Offers (NFOs) are available for subscription this month, as per data on the website of Association of Mutual Funds in India (AMFI). Here’s a list of all the NFOs, their dates and minimum subscription amount.
Note: This list is for informational purposes only. It is not intended to recommend any of the funds mentioned here for investment. Investing in NFOs can be risky. You should consult a SEBI-registered investment advisor before investing in any mutual fund.
Axis S&P BSE Sensex Index Fund: This is an index fund aiming to provide returns corresponding to the total returns of the S&P BSE Sensex TRI subject to tracking errors.
- NFO Dates: From 8th February to 22nd February 2024.
- Minimum subscription amount: Rs 500 and in multiples of Re 1 thereafter.
Bajaj Finserv Large and Mid Cap Fund: This fund aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity related securities, predominantly in large and mid-cap stocks from various sectors.
- NFO Dates: From 6th February to 20th February 2024.
- Minimum subscription amount: Rs 500 and in multiples of Re 1 thereafter.
Bank of India Multi Asset Allocation Fund: This scheme seeks long term capital growth by predominantly investing in equity and equity related securities, debt & money market instruments and Gold ETF.
- NFO Dates: From 7th February to 21st February 2024.
- Minimum subscription amount: Rs 5000 and in multiples of Re 1 thereafter.
Baroda BNP Paribas Innovation Fund: This scheme aims to generate long term capital appreciation by investing at least 80% of its net assets in equity/equity related instruments of companies focusing and benefitting from innovation.
- NFO Dates: From 14th February to 28th February 2024.
- Minimum subscription amount: Rs 5000
Edelweiss Technology Fund: This scheme aims to provide long-term capital appreciation by investing predominantly in equity and equity-related securities of technology and technology-related companies.
- NFO Dates: From 14th February to 28th February 2024.
- Minimum subscription amount: Rs 100 and in multiples of Re 1 thereafter.
Groww Nifty Smallcap 250 Index Fund: This scheme aims to generate long term capital growth corresponding to performance of Nifty Smallcap 250 Total Return Index subject to tracking error.
- NFO Dates: From 9th February to 23rd February 2024.
- Minimum subscription amount: Rs 500.
HDFC NIFTY200 Momentum 30 Index Fund: This scheme aims to generate returns commensurate with the performance of the NIFTY200 Momentum 30 Index TRI, subject to tracking error.
- NFO Dates: From 9th February to 23rd February 2024.
- Minimum subscription amount: Rs 100
HSBC Multi Asset Allocation Fund: This scheme aims to generate long-term capital growth and generate income by investing in Equity & Equity Related instruments, Debt & Money Market Securities and Gold / Silver ETFs.
- NFO Dates: From 8th February to 22nd February 2024.
- Minimum subscription amount: Rs 5000
Kotak Fixed Maturity Plan Series 328 – 90 Days: This scheme aims to generate income by investing in debt and money market securities, maturing on or before the maturity of the scheme.
- NFO Dates: From 9th February to 14th February 2024.
- Minimum subscription amount: Rs 5000
Kotak Technology Fund: This scheme aims to generate long-term capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of technology and technology-related sectors.
- NFO Dates: From 12th February to 26th February 2024.
- Minimum subscription amount: Rs 100
Mirae Asset Nifty Smallcap 250 Momentum Quality 100 ETF: This scheme aims to generate returns commensurate with the performance of the Nifty Smallcap 250 Momentum Quality 100 Total Return Index, subject to tracking error.
- NFO Dates: From 12th February to 21st February 2024.
- Minimum subscription amount: Rs 5000
Nippon India Nifty Bank Index Fund: The objective of the scheme is to provide investment returns that commensurate to the total returns of the securities as represented by the Nifty Bank Index before expenses, subject to tracking errors.
- NFO Dates: From 5th February to 16th February 2024.
- Minimum subscription amount: Rs 5000
Nippon India Nifty IT Index Fund: This scheme aims to provide investment returns commensurate to total returns Nifty IT Index, subject to tracking errors.
- NFO Dates: From 5th February to 16th February 2024.
- Minimum subscription amount: Rs 5000
quant PSU Fund: This scheme aims to generate long term capital appreciation by investing predominantly in equity and equity related securities of Public Sector Undertakings (PSUs).
- NFO Dates: From 2nd February to 15th February 2024.
- Minimum subscription amount: Rs 5000
SBI Energy Opportunities Fund: This scheme aims to provide investors with opportunities for long term capital appreciation by investing in equity and equity related instruments of companies in the energy sector.
- NFO Dates: From 6th February to 20th February 2024.
- Minimum subscription amount: Rs 5000
Union Business Cycle Fund: This scheme aims to generate long-term capital appreciation by investing with a focus on riding business cycles through allocation between sectors and stocks at different stages of business cycles in the economy.
- NFO Dates: From 13th February to 27th February 2024.
- Minimum subscription amount: Rs 1000
