Looking to invest in the best new mutual funds for October 2024? With several exciting New Fund Offers (NFOs) launched this month, there are plenty of opportunities for both new and experienced investors to maximize their returns. Below, we highlight the top mutual funds you can invest in, along with the key details you need to know.
1. Baroda BNP Paribas Nifty200 Momentum 30 Index Fund
- Invest in high-momentum stocks with Baroda BNP Paribas’ latest index fund.
- Minimum Investment: ₹1,000
- Exit Load: 0.2% if redeemed within 7 days
- NFO closes on 9 October
Don’t Miss Out on High-Momentum Returns – Act Now!
2. ICICI Prudential Nifty200 Value 30 ETF & Index Fund
- Factor-based investing is made simple with ICICI’s smart beta funds.
- Minimum Investment: ₹100
- NFO closes on 14 October
Maximize Value with This Smart Beta Fund – Start with Just ₹100!
3. Groww Nifty India Defence ETF
- Invest in India’s booming defence sector with Groww’s Defence ETF.
- Mid- and Small-Cap Focus: 58% of the fund
- Minimum Investment: ₹500
- NFO closes on 4 October
Take Advantage of India’s Growing Defence Sector Today!
4. Kotak MNC Fund
- Own shares in top multinational companies through Kotak’s MNC fund.
- Benchmark: Nifty MNC TRI
- Minimum Investment: ₹100
- NFO is open from 7–21 October
Invest Globally with Just ₹100 – Kotak MNC Fund!
5. LIC MF Manufacturing Fund
- Invest in companies driving India’s manufacturing growth with LIC’s Manufacturing Fund.
- Benchmark: Nifty India Manufacturing TRI
- Minimum Investment: ₹5,000
- NFO closes on 4 October
Ride the Wave of India’s Manufacturing Boom!
6. Mirae Asset Nifty Total Market Index Fund
- Get broad market exposure with Mirae Asset’s Total Market Fund.
- Benchmark: Nifty Total Market TRI
- Minimum Investment: ₹5,000
- NFO open from 8–22 October
Invest in the Total Market – Simple & Hassle-Free!
7. Trust MF Small Cap Fund
- Invest in high-growth potential small-cap companies with Trust MF’s Small Cap Fund.
- Benchmark: Nifty Small Cap 250 TRI
- Minimum Investment: ₹1,000
- NFO open from 11–25 October
Unlock Small-Cap Growth Opportunities with Just ₹1,000!
These are some of the Top New Mutual Funds to Invest in October 2024. Each of these NFOs offers unique opportunities across sectors like defence, manufacturing, and multinational companies, catering to diverse investor interests. Whether you’re looking for high momentum, smart beta strategies, or global exposure, these funds provide a variety of avenues for growth.
Ready to invest? Click here to learn more about these NFOs.