Tata Group has introduced the launch of three mutual fund schemes this week which is able to open for subscription for the brand new fund supply. As per ACE MF information, three index funds and a thematic fund will open for subscription this week. These embody Tata Nifty Auto Index Fund, Tata Nifty Realty Index Fund and Tata Nifty Monetary Companies Fund which is able to open for subscription on April 8. One other new fund supplied by Bandhan Mutual Fund will open for subscription this week on April 10.

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Tata Nifty Auto Index Fund: That is an open-ended scheme replicating/monitoring Nifty Auto Index (TRI) and can open for subscription on April 8. The mutual fund scheme will shut for subscription on April 22. For utility, the minimal quantity for the scheme is ₹5,000 and in a number of of Re1 thereafter.

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Tata Nifty Realty Index Fund: This open-ended scheme replicates/tracks Nifty Realty Index (TRI) and can open for subscription on April 8 and shut on April 22. The scheme might be appropriate for traders who’re looking for long-term capital appreciation and search funding in fairness and fairness associated devices which can be included in Nifty Realty Index.

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Tata Nifty Monetary Companies Fund: The open ended scheme replicating/monitoring Nifty Monetary Companies Index will open for subscription on April 8 and shut on April 22. It will likely be benchmarked towards NIFTY Monetary Companies Index (TRI).

Bandhan Innovation Fund: The open-ended fairness scheme will open for subscription on April 10 and shut on April 24. The scheme might be benchmarked towards Nifty 500 – TRI. For traders, the minimal utility quantity is ₹1,000 and in multiples of Re 1 thereafter.