Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription this month, we find that 50 per cent of the funds were close-ended type and the remaining 50 per cent were open-ended type. There are overall 8 funds which are open for subscription and among them, four are income category close-ended funds and of the open-ended type, two funds are equity - multi-cap category; one is from debt - banking and PSU category and the last one is from equity - small-cap category. This time, ITI is the newest AMC (Asset Management Company) to launch its fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| Aditya Birla Sun Life Fixed Term Plan - Series SN (1099 days) | Close Ended | Income | 26-Apr-19 | 06-May-19 |
| ICICI Prudential Fixed Maturity Plan - Series 86 - 1099 Days Plan B | Close Ended | Income | 24-Apr-19 | 30-Apr-19 |
| Indiabulls Banking & PSU Debt Fund | Open Ended | Banking and PSU Fund | 25-Apr-19 | 09-May-19 |
| ITI Multi Cap Fund | Open Ended | Multi Cap Fund | 25-Apr-19 | 09-May-19 |
| Mirae Asset Focused Fund | Open Ended | Multi Cap Fund | 23-Apr-19 | 07-May-19 |
| Principal Small Cap Fund | Open Ended | Small Cap Fund | 22-Apr-19 | 06-May-19 |
| SBI Fixed Maturity Plan (FMP) - Series 4 (365 Days) | Close Ended | Income | 23-Apr-19 | 30-Apr-19 |
| UTI - Fixed Term Income Fund Series XXXI-XIII (1127 Days) | Close Ended | Income | 22-Apr-19 | 06-May-19 |