New Mutual Funds and SIFs to Launch for Subscription on April 15
New fund offers: 2 mutual funds, 2 SIFs to open for subscription on April 15. Check details
The Economic Times
Image: The Economic Times
On April 15, two new mutual funds from SBI Mutual Fund and two Special Investment Funds (SIFs) from The Wealth Company Mutual Fund will open for subscription. Investors can choose funds based on their risk profiles and financial goals, with minimum investments starting at ₹5,000 (approximately $60 USD).
- 01Two new mutual funds and two SIFs will be available for subscription starting April 15.
- 02SBI Mutual Fund is launching two debt-oriented passive funds.
- 03Minimum investment for SBI funds is ₹5,000 (approximately $60 USD).
- 04The Wealth Company Mutual Fund is offering two SIFs with a minimum investment of ₹10 lakh (approximately $12,000 USD).
- 05Investors should select funds based on their individual risk profiles and financial objectives.
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Starting April 15, investors can subscribe to two new mutual funds from SBI Mutual Fund and two Special Investment Funds (SIFs) from The Wealth Company Mutual Fund. The SBI CRISIL-IBX Financial Services 3-6 Months Debt Index and the 9-12 Months Debt Index are both debt-oriented passive funds, each requiring a minimum investment of ₹5,000 (approximately $60 USD) and closing for subscription on April 20. In contrast, the WSIF Equity Ex-Top 100 Long Short Fund and the WSIF Equity Long Short Fund will close for subscription on April 29, with a higher minimum investment of ₹10 lakh (approximately $12,000 USD). Investors are advised to choose funds that align with their risk tolerance, investment horizon, and financial goals.
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These new investment options provide opportunities for both small and large investors to diversify their portfolios.
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