Six new passive mutual funds have opened for subscription in India, according to data from ACE MF. These funds offer options in equity indices, debt, and gold, with varying minimum investments and closing dates in late March and early April.
Investors in India now have the opportunity to subscribe to six passive mutual funds, all tracking specific indices or benchmarks. The details, sourced from ACE MF, highlight a range of investment choices catering to different risk profiles and goals, with minimum investments starting from Rs 100 up to Rs 5,000. Subscriptions are open now, but deadlines vary by fund. The lineup includes: - SBI Nifty Midcap 150 ETF: Closes on March 24, minimum investment Rs 5,000. This fund tracks the Nifty Midcap 150 index. - Edelweiss Nifty Large Midcap 250 Plus 8-13 yr G-Sec 70:30 Index Fund: Closes on April 1, minimum Rs 100. It combines large and midcap equities with government securities. - HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund: Closes on March 23, minimum Rs 100. Focused on short-term debt in the financial services sector. - HSBC Gold ETF FOF: Closes on March 25, minimum Rs 5,000. Provides exposure to gold through an ETF fund of funds. - Choice Nifty 50 Index Fund and Choice Nifty Next 50 Index Fund: Both from Choice Mutual Fund, closing on April 2, minimum Rs 1,000 each. These track the Nifty 50 and Nifty Next 50 indices, respectively. Potential investors are advised to select funds based on their investment horizon, financial objectives, and risk tolerance. All funds are passive, meaning they aim to replicate index performance rather than actively manage portfolios.
