Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription this week, there are 25 per cent funds form closed ended type and 75 per cent are from open ended type. There are overall 4 funds, one being from income category close ended fund and remaining being form open ended type. From open ended funds, one is from equity scheme – sectoral/thematic category. One from debt scheme – ultra short duration category and one from equity scheme – arbitrage fund category.
| Scheme Name | Type | Category | Open Date | Close Date |
| Axis ESG Equity Fund | Open Ended | Sectoral/ Thematic | 22-Jan-20 | 05-Feb-20 |
| HSBC Ultra Short Duration Fund | Open Ended | Ultra-Short Duration Fund | 14-Jan-20 | 28-Jan-20 |
| ICICI Prudential Fixed Maturity Plan - Series 87 - 1174 Days Plan B | Close Ended | Income | 15-Jan-20 | 29-Jan-20 |
| Sundaram Arbitrage Fund | Open Ended | Arbitrage Fund | 16-Jan-20 | 30-Jan-20 |