Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription then 56 per cent of the funds are close-ended type and remaining 44 per cent are of open-ended type. There are overall nine funds which are open for subscription and among that five are income category close-ended funds and from open-ended type there are two funds from equity multi-cap category, one from debt - banking and PSU category and one from equity small cap category. The launch of open-ended funds is closer to close-ended funds. ITI is a new 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 |
| HDFC FMP 1100D April 2019(1) | Close Ended | Income | 30-Apr-19 | 07-May-19 |
| ICICI Prudential Fixed Maturity Plan - Series 86 - 1113 Days Plan C | Close Ended | Income | 02-May-19 | 09-May-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 Capital Protection Oriented Fund - Series A (Plan 3) | Close Ended | Income | 02-May-19 | 16-May-19 |
| UTI - Fixed Term Income Fund Series XXXI-XIII (1127 Days) | Close Ended | Income | 22-Apr-19 | 06-May-19 |