Mutual fund update: Upcoming new fund offers (NFO)
As of now, there is no fund that is open for subscription. However, there are funds, which have filed the draft offer document with Securities and Exchange Board of India (SEBI). Below is the list of funds that are waiting for SEBI’s approval.
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Date of filing with SEBI
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Funds
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02-06-2020
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ICICI Prudential Alpha Low vol. 30 ETF
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02-06-2020
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HSBC Mid Cap Equity Fund
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02-06-2020
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Mahindra Arbitrage Yojana
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02-06-2020
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Principal Large-cap Fund
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02-06-2020
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Motilal Oswal Multi-asset Fund
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02-06-2020
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Mahindra Focused Equity Yojana
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01-06-2020
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Axis Banking ETF
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The above table shows you a list of funds, which have filed a draft offer document with SEBI in the month of June 2020 and are pending for approval. We can see that most of the fund houses are coming up with equity funds. Also, some are betting on passive investing, as two of them are coming up with an exchange-traded fund (ETF) and one among them being factor-based ETF. From hybrid space, the arbitrage fund from Mahindra AMC is lined-up.