15 NFOs lined up while the market is on a downswing. Should you invest now?
Live MintWith the stock market undergoing a correction mode with 10 percent fall behind it, investors are not radiating too much enthusiasm about the valuation of stocks and mutual funds. Among these new fund offers, there is one healthcare fund, a realty index fund, an auto index fund, one IT sector fund and one transportation fund. Some of the new themes include Momentum Fund by Axis, Business Cycle fund by DSP, equity minimum variance fund by ICICI Prudential, active momentum fund by Union and select business groups fund by Tata. Some fund houses also launched hybrid funds such as Groww Multicap fund and Invesco India Multi Asset Allocation Fund. “We feel that this is ideal for investors looking for broad thematic exposure across an equity portfolio with a time horizon of three years and above,” says Mohit Bhatia, CEO of Bank of India Mutual Fund, which launched a consumption fund and will be open for subscription on Nov 29.