NFO Watch: 5 mutual funds and 2 SIFs open for subscription this week. Check details

Around five new mutual funds and two SIFs will open for subscription this week (June 29 to July 3). Fund houses launch new schemes to expand and complete their product portfolios. Here is a detailed breakup (Source: ACE MF).

Prism Hybrid Long-Short Fund, a SIF from JioBlackRock Mutual Fund, will open on June 29 and close on July 13. The minimum investment amount is Rs 10 lakh.

Summit Equity Long-Short Fund, a SIF from Invesco Mutual Fund, will open on July 2 and close on July 16. The minimum investment amount is Rs 10 lakh.

Choice Overnight Fund, an overnight fund from Choice Mutual Fund, will open on July 1 and close on July 3. The minimum investment amount is Rs 1,000.

Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund, an index fund from Motilal Oswal Mutual Fund, will open on July 3 and close on July 17. The minimum investment amount is Rs 500.