Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds that are open for subscription this week, then, there are 33 per cent of the funds from close ended type and 67 per cent from open ended type. This time around, overall, there are 3 funds one among which is going to be open till October 2019. Among the 3 funds which are open for subscription, one is from income category close ended fund, and from open ended type, there are 2 funds one from equity scheme ELSS category and other from debt scheme - banking and PSU fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| ITI Long Term Equity Fund | Open Ended | ELSS | 15-Jul-19 | 14-Oct-19 |
| SBI Capital Protection Oriented Fund - Series A (Plan 6) | Close Ended | Income | 12-Sep-19 | 26-Sep-19 |
| Tata Banking & PSU Debt Fund | Open Ended | Banking and PSU Fund | 19-Sep-19 | 03-Oct-19 |