Mutual Fund Update: New Fund Offers (NFOs)
If we look at the New Fund Offers (NFOs) that are open for subscription, then 17 per cent of the funds are close ended type and 83 per cent are open ended type. This time around, there are overall 12 funds open for subscription, one among which is going to remain open till October 2019. Among the 12 funds, 2 are from income category close ended fund and 10 funds are from open ended type, one from hybrid scheme – arbitrage fund, one from equity scheme - ELSS category, 4 from other schemes – index funds, 2 from debt schemes – overnight fund, one from equity scheme – multi cap fund and one from other schemes – other ETFs.
| Scheme Name | Type | Category | Open Date | Close Date |
| ITI Arbitrage Fund | Open Ended | Arbitrage Fund | 20-Aug-19 | 03-Sep-19 |
| ITI Long Term Equity Fund | Open Ended | ELSS | 15-Jul-19 | 14-Oct-19 |
| Motilal Oswal Nifty 500 Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Bank Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Midcap 150 Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Smallcap 250 Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| PGIM India Overnight Fund | Open Ended | Overnight Fund | 12-Aug-19 | 26-Aug-19 |
| SBI Capital Protection Oriented Fund - Series A (Plan 5) | Close Ended | Income | 22-Aug-19 | 05-Sep-19 |
| SBI Fixed Maturity Plan (FMP) - Series 17 (1116 Days) | Close Ended | Income | 20-Aug-19 | 26-Aug-19 |
| Sundaram Equity Fund | Open Ended | Multi Cap Fund | 16-Aug-19 | 30-Aug-19 |
| Tata Nifty Private Bank Exchange Traded Fund | Open Ended | Other ETFs | 16-Aug-19 | 29-Aug-19 |
| YES Overnight Fund | Open Ended | Overnight Fund | 19-Aug-19 | 23-Aug-19 |