If you’re looking to diversify your investment portfolio or step into new opportunities, then checking out the latest New Fund Offers (NFOs) in mutual funds can be a smart move. NFO Mutual Funds present fresh investment opportunities and often come with attractive pricing, allowing you to get in on the ground floor of new schemes.
Here’s a roundup of some of the top-performing NFO mutual funds that opened in October 2024. Whether you’re an aggressive investor seeking high-risk equity funds or a conservative one looking for lower-risk options, there’s a wide variety to choose from in this list.
| Scheme Name | Category | Type | Open Date | Close Date | Risk Level |
| Tata Nifty Capital Markets Index Fund | Others-Index Funds/ETFs | Open Ended | 7-Oct-24 | 21-Oct-24 | Very High |
| Kotak MNC Fund | Equity-Sectoral/Thematic | Open Ended | 7-Oct-24 | 21-Oct-24 | Very High |
| Nippon India CRISIL – IBX AAA Financial Services – Jan 2028 Index Fund | Others-Index Funds/ETFs | Open Ended | 15-Oct-24 | 21-Oct-24 | Moderate |
| Mirae Asset Gold ETF Fund of Fund | Others-Index Funds/ETFs | Open Ended | 16-Oct-24 | 22-Oct-24 | High |
| Mirae Asset Nifty Total Market Index Fund | Others-Index Funds/ETFs | Open Ended | 8-Oct-24 | 22-Oct-24 | Very High |
| Samco Multi Cap Fund | Equity-Multi Cap Fund | Open Ended | 10-Oct-24 | 24-Oct-24 | Very High |
| Helios Large & Mid Cap Fund | Equity-Large & Mid Cap Fund | Open Ended | 10-Oct-24 | 24-Oct-24 | Very High |
| Bandhan Nifty 500 Momentum 50 Index Fund | Others-Index Funds/ETFs | Open Ended | 14-Oct-24 | 24-Oct-24 | Very High |
| Bandhan Nifty 500 Value 50 Index Fund | Others-Index Funds/ETFs | Open Ended | 14-Oct-24 | 24-Oct-24 | Very High |
| SBI Nifty India Consumption Index Fund | Others-Index Funds/ETFs | Open Ended | 16-Oct-24 | 25-Oct-24 | Very High |
| Motilal Oswal Digital India Fund | Equity-Sectoral/Thematic | Open Ended | 11-Oct-24 | 25-Oct-24 | Very High |
| WhiteOak Capital ESG Best-In-Class Strategy Fund | Equity-Sectoral/Thematic | Open Ended | 11-Oct-24 | 25-Oct-24 | Very High |
| TRUSTMF Small Cap Fund | Equity-Small Cap Fund | Open Ended | 11-Oct-24 | 25-Oct-24 | Very High |
| Edelweiss Nifty500 Multicap Momentum Quality 50 ETF | Others-Index Funds/ETFs | Open Ended | 11-Oct-24 | 25-Oct-24 | Very High |
| Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund | Others-Index Funds/ETFs | Open Ended | 11-Oct-24 | 25-Oct-24 | Very High |
| Baroda BNP Paribas NIFTY Midcap 150 Index Fund | Others-Index Funds/ETFs | Open Ended | 14-Oct-24 | 28-Oct-24 | Very High |
Highlights of Some Noteworthy NFO Mutual Funds:
Tata Nifty Capital Markets Index Fund (Open: 07-Oct-2024, Close: 21-Oct-2024)
Category: Others-Index Funds/ETFs
Risk: Very High
This fund tracks the Nifty Capital Markets Index, offering exposure to the financial services sector, which is a key driver of India’s economic growth.
Kotak MNC Fund (Open: 07-Oct-2024, Close: 21-Oct-2024)
Category: Equity-Sectoral/Thematic
Risk: Very High
The Kotak MNC Fund focuses on multinational corporations, providing investors with access to high-quality global companies operating in India.
Nippon India CRISIL – IBX AAA Financial Services – Dec 2026 Index Fund (Open: 15-Oct-2024, Close: 21-Oct-2024)
Category: Others-Index Funds/ETFs
Risk: Low to Moderate
This fund is ideal for conservative investors seeking fixed income options as it focuses on AAA-rated financial services bonds.
Mirae Asset Gold ETF Fund of Fund (Open: 16-Oct-2024, Close: 22-Oct-2024)
Category: Others-Index Funds/ETFs
Risk: High
Offering a gateway to invest in gold, this fund can be a good hedge against inflation or economic downturns.
Samco Multi Cap Fund (Open: 10-Oct-2024, Close: 24-Oct-2024)
Category: Equity-Multi Cap Fund
Risk: Very High
This multi-cap fund offers a well-diversified portfolio with exposure to large-cap, mid-cap, and small-cap stocks, suitable for aggressive investors seeking long-term capital growth.
Conclusion
October 2024 is a great month for NFO Mutual Funds investors to explore new opportunities. Whether you’re seeking high-growth equity funds or lower-risk options like index or gold ETFs, these NFO mutual funds present a wide range of choices. Make sure to assess your risk tolerance, financial goals, and investment horizon before making a decision.
Suggested Read – What are the Top NFO Mutual Funds to Invest in for 2024?
