Two thematic funds, a banking and PSU fund, flexi cap fund, an arbitrage fund, index fund, and an ETF are open for subscription this week. Much anticipated offerings - Parag Parikh Arbitrage Fund, and Helios Flexi Cap Fund - are open for subscription.
Parag Parikh Arbitrage Fund Closes On Oct 27: Know Its Key Features outlookindia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from outlookindia.com Daily Mail and Mail on Sunday newspapers.
The performance of the scheme will be benchmarked against the Nifty 50 Arbitrage Fund Total Return Index (TRI). Rajeev Thakkar, Raunak Onkar, Raj Mehta and Rukun Tarachandani will manage the scheme.
According to the scheme information document, the investment objective of the scheme is to generate capital appreciation and income by predominantly investing in arbitrage opportunities in the cash and derivatives segment of the equity market, and by investing the balance in debt and money market instruments.
One advice for that the investors in smallcaps should remember is : “Do not chase returns very simply because many times the returns may be illusory. You may, based on NAV, think that you have earned very decent returns but that NAV could fall equally sharply the way the rise has been.”