4 new mutual funds open for subscription this week, know what’s on offer

New Fund Offer: This week there is going to be a big upheaval in the mutual fund market. 4 New Fund Offers (NFO) are coming in the market. 3 of these will be Tata Mutual Fund offerings, which are slated to open on April 8. Also, an NFO will come from Bandhan Mutual Fund. Its subscription is scheduled to open on April 10. Let’s take a look at all these NFOs.

Tata Nifty Auto Index Fund

Tata Nifty Auto Index Fund is an open ended scheme. It will be tracked with the Nifty Auto Index (TRI). This NFO can be subscribed from April 8 to April 22. In this you have to invest at least 5000 rupees.

Tata Nifty Realty Index Fund

Tata Nifty Realty Index Fund is an open ended scheme. It will be tracked with the Nifty Realty Index (TRI). This new fund offer will be open for subscription from April 8 to April 22. This NFO is a better option for investors who want to invest for the long term. It is also a good option for those who want to invest in equity and equity related options.

Tata Nifty Financial Services Fund

Tata Nifty Financial Services Fund will be open for subscription from April 8 to April 22. It is also an open-ended scheme. It will be tracked by the Nifty Financial Services Index.

Bandhan Innovation Fund

Bandhan Innovation Fund is an open-ended equity scheme, based on the innovation theme. Its subscription will open on April 10 and you can invest till April 24. This NFO will be based on Nifty 500. In this you have to invest at least 1000 rupees.

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