The Wealth Company Mutual Fund, India’s first woman-led asset management company, has launched four new active schemes. These New Fund Offers (NFOs) opened on September 24 and will close on October 8.
Thank you for reading this post, don't forget to subscribe!The four schemes are:
- Flexi Cap Fund: This fund invests across large, mid, and small-cap companies, aiming for long-term growth.
- Arbitrage Fund: This scheme seeks to generate income from price differences in the equity and derivatives markets, offering a low-risk investment.
- Ethical Fund: This fund follows “Satvik principles,” avoiding sectors like alcohol, tobacco, gambling, and businesses linked to animal cruelty.
- Liquid Fund: This scheme invests in short-term debt and money market instruments, providing high liquidity and a stable investment option.
The minimum investment amount is ₹1,000, and you can start a Systematic Investment Plan (SIP) for as little as ₹250.
In another first for the industry, the company is distributing its NFOs on the Open Network for Digital Commerce (ONDC) platform, making it the first AMC to use this channel. The Wealth Company Mutual Fund is led by Founder, MD & CEO Madhu Lunawat.
