New fund offers: Three NFOs open for subscription from September 28; check minimum investment, closing date

ICICI Pru Contra Fund Regular Growth

The ICICI Pru Contra Fund Regular Growth will open for subscription on September 28 and remain open until October 12, 2026. Categorised as an Equity Contra Fund, the scheme has a minimum investment requirement of ₹1,000.

WOC Diversified Equity Small Cap Active FOF Regular Growth

Also opening on September 28 is the WOC Diversified Equity Small Cap Active FOF Regular Growth from WhiteOak Capital Asset Management. The scheme falls under domestic equity-oriented fund of funds (FoFs) and will accept subscriptions until October 12. Investors can participate with a minimum investment of ₹500.

Mirae Asset Life Cycle Fund 2056 Regular Growth

The third offering is the Mirae Asset Life Cycle Fund 2056 Regular Growth, a hybrid scheme from Mirae Asset Investment Managers (India). The NFO will also open on September 28 and close on October 12. It has the highest minimum investment requirement among the three, at ₹5,000.

An NFO is the initial subscription period during which investors can purchase units of a newly launched mutual fund scheme. However, investors should not base their decision solely on the NFO price or minimum investment. The scheme's investment objective, asset allocation, risk level, costs and fund strategy are among the factors that should be examined before investing.

With all three NFOs having the same September 28 opening date and October 12 closing date, investors interested in these offerings have a common subscription window. The minimum investment ranges from ₹500 to ₹5,000, depending on the scheme.