Beyond JioBlackRock: 8 other mutual fund NFOs open for subscription this week
Live Events
JioBlackRock Money Market Fund
JioBlackRock Overnight Fund
TRUSTMF Multi Cap Fund
ICICI Pru Nifty Private Bank Index Fund
Nippon India MNC Fund
Sundaram Multi-Factor Fund
Groww Nifty 50 ETF
Invesco India Income Plus Arbitrage Active FoF
Groww Nifty 50 Index Fund
JM Large & Mid Cap Fund
Around 11 mutual fund NFOs are currently open for subscription, of which three are from JioBlackRock Mutual Fund and eight others are from different fund houses. JioBlackRock Liquid Fund TRUSTMF Multi Cap Fund , and ICICI Pru Nifty Private Bank Index Fund are open for subscription.Nippon India MNC Fund, Sundaram Multi-Factor Fund, Groww Nifty 50 ETF, Invesco India Income Plus Arbitrage Active FoF, Groww Nifty 50 Index Fund, and JM Large & Mid Cap Fund are upcoming NFOs and will open for subscription later this week.These 11 funds include two index funds, two thematic funds, a large & mid cap fund, a multi cap fund, a money market fund, a liquid fund, an ETF, and a fund of funds investing domestically.Also Read | JioBlackRock Liquid Fund NFO to open on June 30. A safe bet for regular income? JioBlackRock Liquid Fund is an open-ended liquid scheme with relatively low interest rate risk and relatively low credit risk. The new fund offer (NFO) is currently open for subscription and will close on July 2.The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market and debt instruments with residual maturity of up to 91 days.The scheme will be benchmarked against the Nifty Liquid Index A-I and will be managed by Arun Ramachandran, Vikrant Mehta, and Siddharth Deb. The fund will allocate 0–100% of its assets to debt instruments and money market instruments with residual maturity of up to 91 days.JioBlackRock Money Market Fund is an open-ended debt scheme investing in money market instruments with relatively low interest rate risk and moderate credit risk. The NFO is open for subscription and will close on July 2.The investment objective of the scheme is to generate regular income through investment in a portfolio comprising money market instruments with residual maturity of up to one year.The scheme will be benchmarked against the NIFTY Money Market Index A-I and managed by Vikrant Mehta, Arun Ramachandran, and Siddharth Deb. The exit load on this money market fund is nil.The scheme will allocate 0–100% of its assets to money market instruments having residual maturity of up to one year.Also Read | NFO Update: ICICI Prudential Mutual Fund launches Nifty Private Bank Index Fund JioBlackRock Overnight Fund is an open-ended debt scheme investing in overnight securities, with relatively low interest rate risk and relatively low credit risk. The NFO is open for subscription and will close on July 2.The investment objective of the scheme is to generate regular income through investment in a portfolio comprising debt and money market instruments with overnight maturity. The scheme will be benchmarked against the Nifty 1D Rate Index.The fund will allocate 0–100% of its assets to overnight securities or debt and money market instruments maturing on or before the next business day.TRUSTMF Multi Cap Fund is an open-ended equity scheme investing in large-cap, mid-cap, and small-cap stocks. The NFO is open for subscription and will close on July 14.The fund will be benchmarked against the NIFTY 500 Multi Cap 50:25:25 TRI and managed by Mihir Vora and Aakash Manghani.The minimum amount for purchase (including switch-in) is Rs 1,000 and in multiples of any amount thereafter. The minimum amount for a monthly SIP is Rs 1,000 (plus in multiples of any amount) with at least six instalments.The fund will allocate 75–100% of its assets to equity and equity-related instruments of large-cap, mid-cap, and small-cap companies, 0–25% in debt and money market instruments (including cash & cash equivalents), and 0–10% in units issued by REITs and InvITs.ICICI Pru Nifty Private Bank Index Fund is an open-ended index scheme replicating the Nifty Private Bank Index. The NFO is open for subscription and will close on July 14.The fund will be benchmarked against the Nifty Private Bank TRI and managed by Nishit Patel and Ashwini Shinde. The exit load is nil.The minimum amount for daily, weekly, fortnightly, and monthly SIPs is Rs 1,000 (plus in multiples of Re 1) with at least six instalments. For quarterly SIPs, the minimum is Rs 1,000 (plus in multiples of Re 1) with at least four instalments.Nippon India MNC Fund is an open-ended equity scheme following a multinational company (MNC) theme. The NFO will open for subscription on July 2 and close on July 16.The fund will be benchmarked against the NIFTY MNC TRI and managed by Dhrumil Shah and Kinjal Desai.The minimum application amount is Rs 500 and in multiples of Re 1 thereafter. The scheme will allocate 80–100% of assets to equity and equity-related instruments of MNCs, 0–20% to equity instruments of companies other than MNCs, and 0–20% to debt and money market instruments.Sundaram Multi-Factor Fund is an open-ended equity scheme that follows a multi-factor-based investment strategy. The NFO will open for subscription on July 2 and close on July 16.The fund will be benchmarked against the BSE 200 TRI and managed by Rohit Seksaria, S. Bharath, Dwijendra Srivastava, and Sandeep Agarwal.The minimum investment amount for the first investment is Rs 100 and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 100 with at least six instalments.The fund will allocate 80–100% of its assets to equity and equity-related instruments selected based on a multi-factor quantitative model, 0–20% to other equity and equity-related instruments, 0–20% to debt and money market securities (including Tri-Party Repo), and 0–10% to investments in REITs/InvITs.Groww Nifty 50 ETF is an open-ended scheme tracking the Nifty 50 Index – TRI. The NFO will open for subscription on July 2 and close on July 16.The fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash Chauhan.The minimum amount is Rs 500 and in multiples of Re 1 thereafter. Units will be allotted in whole numbers, and any balance amount below the minimum will be refunded.Invesco India Income Plus Arbitrage Active FoF is an open-ended fund-of-fund scheme investing in units of actively managed debt-oriented schemes and equity arbitrage schemes. The NFO will open for subscription on July 2 and close on July 16.The fund will be benchmarked against a blended index: 60% Nifty Corporate Bond Index A-II + 35% Nifty 50 Arbitrage + 5% Nifty 1D Rate Index, and managed by Vikas Garg (Fixed Income) and Deepak Gupta (Arbitrage).For lump-sum investment, the minimum amount is Rs 1,000 per application and in multiples of Re 1 thereafter. For monthly SIPs, the minimum amount is Rs 1,000 and in multiples of Re 1 thereafter, with at least six instalments.Groww Nifty 50 Index Fund is an open-ended scheme tracking the Nifty 50 Index - TRI. The NFO will open for subscription on July 2 and close on July 16.The fund will be benchmarked against the Nifty 50 Index - TRI and managed by Shashi Kumar, Nikhil Satam, and Aakash Chauhan.The minimum amount for the initial purchase is Rs 500 and in multiples of Re 1 thereafter. The minimum amount for a monthly SIP is Rs 500 and in multiples of Re 1.JM Large & Mid Cap Fund is an open-ended equity scheme investing in both large-cap and mid-cap stocks. The NFO will open for subscription on July 4 and close on July 18.The fund will be benchmarked against the Nifty Large Midcap 250 TRI.The investment objective of the scheme is to seek long-term capital growth through investments in equity and equity-related securities, predominantly of large-cap and mid-cap stocks. The minimum investment amount is Rs 1,000 per plan, option, or sub-option, and in multiples of Re 1 thereafter for first-time investments.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Economic Times
7 hours ago
- Economic Times
Sorbh Gupta explains why it's a good time to look at smallcap stocks
Tired of too many ads? Remove Ads Edited excerpts from a chat: The market seems to be inching towards new record highs, but are we pricing in too much hope and too little risk? Where do you think we are in the cycle? You've launched a smallcap fund NFO when many smallcaps are still licking their wounds from the brutal correction that began last year. What makes you positive at this stage on smallcaps? Tired of too many ads? Remove Ads How do you separate turnaround stories from value traps? Especially in a space where promoter pledges and poor governance often go unnoticed until it's too late? Everyone talks of forensic filters and governance frameworks. What's your team's actual red flag checklist when it comes to smallcaps? Tired of too many ads? Remove Ads Which sectors or themes within small caps are looking mispriced to you right now and what's your favourite contrarian bet? What is going to be the diversification strategy in the Smallcap Fund? How many stocks would you want to own in a typical market phase without over-diversifying but spreading risk across counters? Despite the recent rally in smallcaps , a deeper dive reveals a tale of two markets. While headline numbers suggest exuberance, Sorbh Gupta , Head-Equity at Bajaj Finserv AMC , points to a more nuanced reality: nearly two-thirds of small-cap stocks remain significantly beaten down from their this conversation, Gupta explains why this divergence creates a fertile ground for active stock pickers, how his team's forensic approach weeds out value traps, and which emerging sectors offer the most compelling opportunities in today's small-cap markets are approaching record highs, earnings are also moving higher. We believe there is a cyclical recovery, which should push corporate earnings growth higher. During the initial phase of the upcycle, some stocks may appear expensive. However, as growth catches up, these stocks become attractive. We believe that at this stage, the market is neither completely cheap nor expensive. Following the correction between September and March, several pockets of valuation comfort have emerged. Within these, one can find quality businesses with reasonable valuations and strong growth outlooks for building a decent equity universe for small caps includes companies with a market cap above Rs 2,000 crore, giving us an extended universe of around 900 stocks. As of May 31, out of those 900, nearly 600 companies were down more than 25% from their 52-week highs. So, while there are concerns that small-cap levels are elevated, there's a long tail within the category that hasn't you look at the Nifty Small Cap 250 index and track the bull market that began around the Silicon Valley Bank crisis, the index has doubled since then. This index spans 52 industries, of which only 17 have outperformed the index, while 35 have underperformed and have recorded lower returns in comparison to the index. It's a fairly level market and a heterogeneous one at that. It's a good environment for active stock selection. This is the near-term reason why I believe this is a good time to look at small caps and curate a decent active does 'value' mean in your smallcap universe? Low PE stocks that come within the parameters of quality and growth appear to be value, in our small-cap universe, we refer to companies trading below their intrinsic value. These are often businesses where the long-term growth outlook remains intact, but near-term mispricing creates an opportunity. In some cases, even quality companies with strong growth potential may appear optically expensive on a price-to-earnings basis. However, the market may be underestimating their ability to scale, expand market share or deliver higher return on for us, any stock trading below its intrinsic value qualifies as a value opportunity; however, only after passing through our filters of quality and small caps space, we believe the most important part is eliminating rather than selecting. Our holistic approach towards careful stock selection helps us filter out the best of the best. So, we eliminate at the first level. The first level of quality comes as forensic research, where we'll eliminate bad management, with a bad track record on related party transactions and those that have litigation we come to the quality, growth, and value triangle. That is, the quality of the business, the industry growth it offers, and the valuation it is available at. Among these, the most sacrosanct is quality. Once we test for quality in terms of governance and fundamentals, then we look at the business's ability to gain market share and maintain profitability, growth, return ratios, and capital efficiency. Lastly, we assess value versus growth, looking at the have built an internal forensic team. Out of the 900 stocks we see from the small-cap broader universe, there is a strong list of eliminations that we'll do based on the forensic analysis that we perform. As part of this, we will conduct extensive data-based checks, examine related party transactions, go through auditors and auditor reports, assess who the bankers are, and review other regulatory filings of the company. This allows us to filter out companies where we don't want to we begin with this first level of negative screening, and then move to the positive, where we look at quality, value, and growth. There we will take a look at the quality of the business, the growth that it offers and the industry growth along with the valuations it is available are seeing opportunities emerging in small caps that are unique to the segment. Over the last three to five years, new industries have emerged due to government reforms, technology, and structural changes. These naturally lack large-cap representation since the sectors themselves are still these, the defence looks like a great opportunity, though we have to be careful and selective because valuations have gone through the roof in some cases. Similarly, opportunities in power equipment are opening up, with the government planning significant investments over the next five to seven years. which opens up a space. The online marketplace space is gaining momentum. That opportunity was never there seven or eight years ago. Also, electric vehicles, a space that did not have investable opportunities earlier, now represent a growing I mentioned, any company with a market cap of more than ₹2,000 crore is part of our broad universe, which includes close to 900 small caps. From there, we filter. We are looking at anywhere between 40 to 100 stocks. The plan is to be quite well general view in the market is that the Q4 earnings season was relatively better for midcaps rather than smallcaps. What is the kind of earnings growth that you are expecting from small caps in general in FY26?So far in FY26, we've seen easing monetary policy, rate cuts, higher liquidity, and earlier tax reductions. All of these developments support a cyclical recovery in the Indian economy. This should begin reflecting in corporate earnings going medium-term equity outlook appears positive, particularly for the broader caution is advised in export-oriented sectors due to U.S. economic uncertainty and potential tariff impacts. Geopolitical risks may also cause intermittent the economy picks up, smaller businesses and broader market participants tend to benefit. The small-cap space, especially after the recent correction, looks promising with bottom-up opportunities. Investors may consider quality small-cap funds to tap into long-term growth.
Time of India
7 hours ago
- Time of India
Sorbh Gupta explains why it's a good time to look at smallcap stocks
Despite the recent rally in smallcaps , a deeper dive reveals a tale of two markets. While headline numbers suggest exuberance, Sorbh Gupta , Head-Equity at Bajaj Finserv AMC , points to a more nuanced reality: nearly two-thirds of small-cap stocks remain significantly beaten down from their peaks. In this conversation, Gupta explains why this divergence creates a fertile ground for active stock pickers, how his team's forensic approach weeds out value traps, and which emerging sectors offer the most compelling opportunities in today's small-cap landscape. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like If you have a mouse, play this game for 1 minute Navy Quest Undo Edited excerpts from a chat: The market seems to be inching towards new record highs, but are we pricing in too much hope and too little risk? Where do you think we are in the cycle? While markets are approaching record highs, earnings are also moving higher. We believe there is a cyclical recovery, which should push corporate earnings growth higher. During the initial phase of the upcycle, some stocks may appear expensive. However, as growth catches up, these stocks become attractive. We believe that at this stage, the market is neither completely cheap nor expensive. Following the correction between September and March, several pockets of valuation comfort have emerged. Within these, one can find quality businesses with reasonable valuations and strong growth outlooks for building a decent portfolio. You've launched a smallcap fund NFO when many smallcaps are still licking their wounds from the brutal correction that began last year. What makes you positive at this stage on smallcaps? Live Events Our equity universe for small caps includes companies with a market cap above Rs 2,000 crore, giving us an extended universe of around 900 stocks. As of May 31, out of those 900, nearly 600 companies were down more than 25% from their 52-week highs. So, while there are concerns that small-cap levels are elevated, there's a long tail within the category that hasn't performed. If you look at the Nifty Small Cap 250 index and track the bull market that began around the Silicon Valley Bank crisis, the index has doubled since then. This index spans 52 industries, of which only 17 have outperformed the index, while 35 have underperformed and have recorded lower returns in comparison to the index. It's a fairly level market and a heterogeneous one at that. It's a good environment for active stock selection. This is the near-term reason why I believe this is a good time to look at small caps and curate a decent active portfolio. What does 'value' mean in your smallcap universe? Low PE stocks that come within the parameters of quality and growth appear to be rare. By value, in our small-cap universe, we refer to companies trading below their intrinsic value. These are often businesses where the long-term growth outlook remains intact, but near-term mispricing creates an opportunity. In some cases, even quality companies with strong growth potential may appear optically expensive on a price-to-earnings basis. However, the market may be underestimating their ability to scale, expand market share or deliver higher return on equity. Altogether, for us, any stock trading below its intrinsic value qualifies as a value opportunity; however, only after passing through our filters of quality and governance. How do you separate turnaround stories from value traps? Especially in a space where promoter pledges and poor governance often go unnoticed until it's too late? In small caps space, we believe the most important part is eliminating rather than selecting. Our holistic approach towards careful stock selection helps us filter out the best of the best. So, we eliminate at the first level. The first level of quality comes as forensic research, where we'll eliminate bad management, with a bad track record on related party transactions and those that have litigation issues. Then we come to the quality, growth, and value triangle. That is, the quality of the business, the industry growth it offers, and the valuation it is available at. Among these, the most sacrosanct is quality. Once we test for quality in terms of governance and fundamentals, then we look at the business's ability to gain market share and maintain profitability, growth, return ratios, and capital efficiency. Lastly, we assess value versus growth, looking at the risk-reward. Everyone talks of forensic filters and governance frameworks. What's your team's actual red flag checklist when it comes to smallcaps? We have built an internal forensic team. Out of the 900 stocks we see from the small-cap broader universe, there is a strong list of eliminations that we'll do based on the forensic analysis that we perform. As part of this, we will conduct extensive data-based checks, examine related party transactions, go through auditors and auditor reports, assess who the bankers are, and review other regulatory filings of the company. This allows us to filter out companies where we don't want to invest. So, we begin with this first level of negative screening, and then move to the positive, where we look at quality, value, and growth. There we will take a look at the quality of the business, the growth that it offers and the industry growth along with the valuations it is available at. Which sectors or themes within small caps are looking mispriced to you right now and what's your favourite contrarian bet? We are seeing opportunities emerging in small caps that are unique to the segment. Over the last three to five years, new industries have emerged due to government reforms, technology, and structural changes. These naturally lack large-cap representation since the sectors themselves are still new. Among these, the defence looks like a great opportunity, though we have to be careful and selective because valuations have gone through the roof in some cases. Similarly, opportunities in power equipment are opening up, with the government planning significant investments over the next five to seven years. which opens up a space. The online marketplace space is gaining momentum. That opportunity was never there seven or eight years ago. Also, electric vehicles, a space that did not have investable opportunities earlier, now represent a growing ecosystem. What is going to be the diversification strategy in the Smallcap Fund? How many stocks would you want to own in a typical market phase without over-diversifying but spreading risk across counters? As I mentioned, any company with a market cap of more than ₹2,000 crore is part of our broad universe, which includes close to 900 small caps. From there, we filter. We are looking at anywhere between 40 to 100 stocks. The plan is to be quite well diversified. The general view in the market is that the Q4 earnings season was relatively better for midcaps rather than smallcaps. What is the kind of earnings growth that you are expecting from small caps in general in FY26? So far in FY26, we've seen easing monetary policy, rate cuts, higher liquidity, and earlier tax reductions. All of these developments support a cyclical recovery in the Indian economy. This should begin reflecting in corporate earnings going forward. The medium-term equity outlook appears positive, particularly for the broader markets. However, caution is advised in export-oriented sectors due to U.S. economic uncertainty and potential tariff impacts. Geopolitical risks may also cause intermittent volatility. As the economy picks up, smaller businesses and broader market participants tend to benefit. The small-cap space, especially after the recent correction, looks promising with bottom-up opportunities. Investors may consider quality small-cap funds to tap into long-term growth.
Time of India
15 hours ago
- Time of India
NFO Update: JM Financial Mutual Fund launches large & mid cap fund
Live Events JM Financial Asset Management has launched JM Large & Mid Cap Fund, an open ended equity scheme investing in both large cap and mid cap stocks The new fund offer or NFO is open for subscription and will close on July 18. The investment objective of the scheme is to generate returns by investing in high quality growth stocks with superior management quality and corporate governance investible universe has been created by leveraging the in-house GeeQ (Growth of Earnings and Earnings Quality) and flexibility are cornerstones of the portfolio strategy of the scheme. Navigating seamlessly between large and midcap opportunities, the scheme aims to capture growth without compromising on risk management to deliver consistent performance in changing market conditions, according to a press release by the fund house.'We are excited to launch our Large & Midcap Fund - offering the size and stability of one of India's biggest companies and the vitality of emerging India's Midcap companies. We believe this blend is a unique opportunity to cover all aspects of the Indian economy offering growth and lower volatility. We are confident of India's growth opportunity and believe that the best is yet to come,' said Satish Ramanathan, Chief Investment Officer - Equity, JM Financial Asset Management.'Large Cap indices offer companies that are champions in their space with lower cost of capital and access to technology and market reach. The flip side is that profit growth soon aligns to the country's GDP growth. Midcap companies offer emerging sectors in auto ancillary, manufacturing, defence, quick service restaurants with a longer runway of growth. Our large and midcap fund will aim to capture the growth and stability offered by this asset class,' Ramanathan added.'With our new Large & Midcap Fund, we bring together the stability and resilience of blue-chip giants and the growth potential of emerging leaders. This isn't just another Scheme- it's a powerful blend of scale and rapid growth, designed to seize tomorrow's opportunities. The Indian equity markets are undergoing a period of heightened volatility, where a product which has a return profile closer to midcaps and the risk profile closer to large caps could offer investors a better experience. We are confident that our growth and quality focused investment philosophy, a disciplined and process driven investment approach and a seasoned equity fund management team could help us navigate these turbulent times and create a resilient portfolio which may enable wealth creation for investors,' said Asit Bhandarkar, Senior Fund Manager - Equity, JM Financial Asset Bhandarkar and Deepak Gupta are the fund managers for this fund. Ruchi Fozdar will oversee the Debt portion of JM Large & Midcap Fund.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
