Are you looking to invest in mutual funds? With October 2024 kicking off, it’s time to explore the most exciting New Fund Offers (NFOs) currently available. NFOs offer a great opportunity to get in on new funds at an attractive entry point, and this month features several standout options for investors seeking both growth and stability.
Here’s a roundup of the top mutual funds launched in October 2024 that you should know about.
1. Aditya Birla Sun Life CRISIL IBX AAA NBFC HFC Index-Sep 2026 Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹1,000
NFO Period: Open till 7th October
Key Attraction: Replicates CRISIL IBX AAA NBFC HFC Index
2. Bandhan Nifty 500 Value 50 Index Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹1,000
NFO Period: 14th-24th October
Key Attraction: Mirrors the performance of Nifty 500 Value 50 TRI
3. Axis Nifty500 Value 50 Index Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹100
NFO Period: Till 18th October
Key Attraction: Benchmarked against Nifty 500 Value 50 TRI
4. Mirae Asset Nifty 50 Index Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹25,000
NFO Period: 10th-18th October
Key Attraction: Replicates Nifty 50 TRI
5. Helios Large & Mid Cap Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹5,000
NFO Period: 10th-24th October
Key Attraction: Benchmarked against NIFTY Large Midcap 250 TRI
6. Mirae Asset Nifty LargeMidcap 250 Index Fund
Fund Type: Passively managed equity fund
Minimum Investment: ₹5,000
NFO Period: 10th-18th October
Key Attraction: Benchmarked against Nifty Large Midcap 250 TRI
Why These Funds Matter:
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With a mix of passive and active management, these funds offer diversified exposure across various indices and sectors. Passive funds have gained popularity for their low-cost structure and potential to match the performance of their benchmark indices, making them ideal for investors seeking long-term, hands-off strategies. Meanwhile, actively managed funds can offer the expertise of fund managers to capture alpha in dynamic markets.
Whether you’re looking for low entry points or are ready to make larger investments, these NFOs provide solid opportunities to diversify your portfolio this October.
