November is turning out to be an important month for mutual fund investors. Five new fund offerings (NFOs) are opening around the same time, giving investors a wide range of choices.
These funds come from different categories — some are index-based and ETFs, while others follow a fund of funds (FoF) structure. This creates a great chance for investors to diversify their portfolios in new ways.
Key Mutual Funds Opening This Month
Axis Income Plus Arbitrage Passive FOF
Axis Mutual Fund launched the Axis Income Plus Arbitrage Passive Fund of Funds on October 28, which will remain open until November 11.
The fund invests in debt-oriented mutual funds, ETFs, and arbitrage funds. Its goal is to provide stable returns with low risk, while also helping investors save on equity-like tax filing costs.
Kotak Nifty Chemicals ETF
The Kotak Nifty Chemicals ETF is an open-ended scheme that tracks the Nifty Chemicals Index, meaning it invests in companies from the chemical sector.
It opened on October 23 and will close on November 6. This ETF gives investors exposure to India’s fast-growing chemical industry.
Groww Nifty Midcap 150 ETF and Index Fund
Groww Mutual Fund has introduced two new schemes — Groww Nifty Midcap 150 ETF and Groww Nifty Midcap 150 Index Fund. Both track the Nifty Midcap 150 Index
and are open for investment until November 11. These funds are ideal for investors seeking long-term growth through mid-cap stocks.
Zerodha BSE Sensex Index Fund
Zerodha Mutual Fund launched the Zerodha BSE Sensex Index Fund on October 20, which tracks the BSE Sensex — India’s oldest and most followed index.
The NFO will close on November 3, offering investors a simple and transparent way to invest in the top 30 Sensex companies.
SEBI’s New Proposal to Reduce Investor Costs
Alongside these new launches, SEBI has proposed several major changes to mutual fund regulations. The market regulator plans to redefine the Total Expense Ratio (TER) and revise the limits on brokerage charges.
In addition, SEBI has suggested removing the right of Asset Management Companies (AMCs) to charge an extra 5 basis points (bps). If implemented, these changes could help reduce overall expenses for investors.