Four new fund offers open for subscription today: Should you invest in them?

The primary investment objective of the scheme is to generate consistent long-term returns by investing in equity and equity-related instruments of banking and financial services companies and other related sectors or companies. However, there is no assurance or guarantee that the investment objective of the scheme will be achieved, the fund house said.

The performance of Groww Banking and Financial Services Fund is benchmarked against the Nifty Financial Services (Total Return Index).

There are no entry and exit loads attached to the NFO.

The minimum subscription amount allowed is ₹500.

The scheme is open till January 31, 2024.

An offering from Motilal Oswal Asset Management Company (MOAMC), this equity scheme is strategically designed to provide investors with a unique opportunity to tap into the potential of the large-cap segment.

The investment objective is to achieve long-term capital appreciation by predominantly investing in equity and equity-related instruments of large-cap companies.

However, there can be no assurance that the investment objective of the scheme will be realised, the fund house said.

The fund aims to maintain a strategically balanced portfolio with exposure of a minimum of 80% in the Nifty 100 large-cap stocks, complemented by a thoughtful 20% allocation in small-cap/Mid/IPO/Pre-IPO/Foreign Equity.

The product is designed for investors looking for long-term capital growth. It is ideal for investors wanting to invest in equity and equity-related instruments of large-cap stocks. The fund's performance will be benchmarked against Nifty 100 TRI, Motilal Oswal AMC said.

The NFO is available till January 31, 2024.

The inaugural fund from Old Bridge Mutual Fund, the NFO is designed to generate long-term capital appreciation by investing in equity and equity-related instruments.

This approach involves up to 30 companies across various market capitalisations, including mid-cap, small-cap, and large-cap segments. It is important to note that while the scheme has outlined its objectives, there is no assurance or guarantee of realising these goals, the fund house said.

To gauge the fund's performance, it will be benchmarked against the S&P BSE 500 TRI.

There is no entry load for investors. However, an exit load is applicable, with a rate of 1% if redeemed or switched out within 365 days from the date of allotment.

The NFO is available till January 19, 2024.

An offering from UTI Mutual Fund, this is an open-ended scheme replicating/tracking Nifty IT TRI.

The investment objective of the scheme is to provide returns that, before

expenses, correspond to the total returns of the securities as represented

by the underlying index, subject to tracking error. However, there is no guarantee or assurance that the investment objective of the scheme will be achieved, the fund house said.

The minimum initial investment amount is ₹5,000 and in multiples of

₹1 thereafter. The subsequent minimum investment amount is ₹1,000

and in multiples of ₹1 thereafter.

There are no entry and exit loads attached to the scheme.

The NFO is available till January 22, 2024.

Investing in new fund offers (NFOs) requires careful consideration of the fund's objectives, market conditions, and individual financial goals. The four NFOs currently open for subscription offer diverse investment opportunities.

Consulting with a financial advisor can provide insights into whether these funds align with one's overall investment strategy. Additionally, staying informed about market trends and regularly reviewing the fund's performance after investment is crucial for making sound financial decisions, experts say.