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The Rs.48 lakh crore MF industry has witnessed entry of two new players in October 2023.
While Helios MF ventures into active space with the launch of its overnight fund and flexicap fund, Zerodha MF launches two passive funds – ELSS and large and mid cap fund.
Helios MF has launched an open-ended scheme - Helio Flexi Cap Fund. Notably, this is the fund house’s first equity launch and the second NFO. Helios MF has debuted with Helios Overfund Fund on October 19.
Helio Flexi Cap Fund is open for subscription from October 23, 2023 to November 06, 2023.
In another development, Zerodha MF forayed into mutual funds with two open-ended passive schemes - Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund.
Zerodha Nifty LargeMidcap 250 Index Fund and Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund are open for subscription from October 20, 2023 to November 03, 2023.
