Five new funds will open for subscription this week. Fund houses introduce new schemes to complete their bouquet of existing offerings. Here is a detailed break-up (Source: ACE MF).

ANI

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Investing style

These five funds will be passive in nature. Of the total, four will be ETFs and one will be a FoF (domestic).

iStock

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Two from Invesco Mutual Fund

Invesco India Nifty Bank ETF and Invesco India BSE Sensex ETF open for subscription on July 28 and close on August 11. The minimum investment amount in both funds will be Rs 5,000.

ETMarkets.com

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SBI Nifty Midcap 150 Momentum 50 ETF FOF

SBI Nifty Midcap 150 Momentum 50 ETF FOF opens for subscription on July 27 and closes on August 5. The minimum investment amount will be Rs 5,000.

ETMarkets.com

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DSP BSE MidSmall Private Banks ETF

DSP BSE MidSmall Private Banks ETF opens for subscription on July 28 and closes on July 30. The minimum investment amount will be Rs 5,000.

Edelweiss BSE LargeMid (60:40) Stable Dividend 50 ETF opens for subscription on July 27 and closes on July 29. The minimum investment amount will be Rs 5,000.