New Fund Offerings are launched by fund houses to show something new and entice clients to invest more in their funds.
One cannot assume that just because the fund belongs to a Fund House it will perform in line with other funds from the same stable.
There is no track record to see how they are performing vs the peer group or the benchmark. Besides these are also pushed hard by adding sales incentives that reflect in higher expense ratios.
One should wait to see how a fund performs and once there is clarity on that, see what kind of portfolio they are investing in and then consider them.
