NFOs this week: 4 SIFs and 1 passive fund to open for subscription

Synopsis

iSIF Equity Long-Short Fund and iSIF Active Asset Allocator Long-Short Fund will open for subscription on May 19 and close on June 2. The minimum investment amount for both funds is Rs 10 lakh.

Funds debut

Around five SIFs and one passive mutual fund will open for subscription this week as fund houses look to fill gaps in their product baskets. Here’s a detailed breakup (Source: ACE MF).

360 One MSCI India ETF

360 One MSCI India ETF will open for subscription on May 18 and close on May 20. The minimum investment amount is Rs 5,000.

Two SIFs from ICICI Prudential Mutual Fund

iSIF Equity Long-Short Fund and iSIF Active Asset Allocator Long-Short Fund will open for subscription on May 19 and close on June 2. The minimum investment amount for both funds is Rs 10 lakh.

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Platinum Hybrid Long-Short Fund

Mirae Asset Mutual Fund’s Platinum Hybrid Long-Short Fund will open for subscription on May 20 and close on June 3. The minimum investment amount is Rs 10 lakh.

Altiva Equity Ex-Top 100 Long-Short Fund

Edelweiss Mutual Fund’s Altiva Equity Ex-Top 100 Long-Short Fund will open for subscription on May 18 and close on June 1. The minimum investment amount is Rs 10 lakh.

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