New Passive Mutual Funds Opening for Subscription This Week
Mutual fund NFOs: 2 passive funds to open for subscription this week; check key details here
The Economic Times
Image: The Economic Times
This week, two passive mutual funds will open for subscription: the DSP Nifty FMCG ETF and the HDFC Gold Silver Passive Fund of Funds (FoF). The DSP Nifty FMCG ETF opens on May 12 with a minimum investment of ₹5,000 (approximately $60 USD), while the HDFC Gold Silver FoF opens on May 15 with a minimum investment of ₹100 (approximately $1.20 USD).
- 01DSP Nifty FMCG ETF opens for subscription on May 12.
- 02HDFC Gold Silver Passive FoF opens for subscription on May 15.
- 03Minimum investment for DSP Nifty FMCG ETF is ₹5,000.
- 04Minimum investment for HDFC Gold Silver FoF is ₹100.
- 05Investors should choose funds based on their risk appetite and financial goals.
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Two new passive mutual funds will be available for subscription this week, enhancing the offerings from various fund houses. The DSP Nifty FMCG ETF will open on May 12 and close on May 14, requiring a minimum investment of ₹5,000 (approximately $60 USD). This ETF will track the Nifty FMCG index. Meanwhile, the HDFC Gold Silver Passive Fund of Funds (FoF) will open on May 15 and remain open until May 29, with a much lower minimum investment of ₹100 (approximately $1.20 USD). This FoF will focus on commodities, particularly gold and silver. Investors are advised to select funds that align with their risk profiles and investment timelines.
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These new fund offerings provide investors with more options for diversifying their portfolios, particularly in the FMCG and commodities sectors.
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