Among the thematic NFOs available in February are SBI Energy Opportunities fund, Quant PSU Fund, Kotak/Edelweiss Technology Fund, BNP Paribas Innovation Fund, Union Business Cycle Fund and Canara Robeco Manufacturing Fund.
PGIM India Mutual Fund and Bajaj Finserv Mutual Fund have introduced their respective Large & Midcap Funds, following a trend of other asset management companies launching similar funds. These funds provide a combination of stability and growth potential by investing in both large & mid-cap stocks.
Axis Mutual Fund announced the launch of the Axis S&P BSE Sensex Index Fund. The scheme will open for public subscription on February 08, 2024, and will close on February 22, 2024.
SBI Mutual Fund announced the launch of the SBI Energy Opportunities Fund. The scheme opened for public subscription on February 06, 2024, and will close on February 20, 2024.
Usually, NFOs come during a surging market when investor sentiments are high and optimistic. The NFOs were floated to capitalise on the mood of investors and attract their investment as they were willing to invest at that time.