Nippon India Mutual Fund (NIMF) recently launched Nippon India Flexi Cap Fund- an open-ended dynamic equity scheme investing across market caps
The flexicap category is the second-largest equity mutual fund category after largecap funds.
Mirae Asset Nifty Financial services ETF will have exposure to 20 companies that represents various segments of the financial services sector
The distinction between the two types of funds is one of flexibility and the simplicity with which fund units may be sold and purchased
Even though sectoral funds are considered risky, what works in favour of FMCG sector is that the demand always exists
Flipkart co-founder Sachin Bansal owned Navi Mutual Fund raised Rs 100 crore through NFO from 17,000 investors for its Navi Nifty 50 Index Fund
The NFO will be available for subscription between July 20 and August 3, 2021
The new fund offer by Tata Mutual Fund opens on 16th July 2021 and closes on 30th July 2021
If your portfolio requires a smallcap fund, you should consider the NFO as one of your options
Mirae Asset’s India CEO Swarup Mohanty said these will be offered when the funds' underlying rules have been tested and get the regulator's nod