MF update: Upcoming new fund offers
As of now, there is no fund that is open for subscription. However, there are funds that have filed the draft offer document with Securities & 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 (2020)
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Funds
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May 4
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SBI ETF Private Bank
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May 4
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SBI ETF Consumption
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March 6
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Nippon India ETF 5 Year Gilt
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February 18
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Aditya Birla Sun Life Nifty 50 Equal Weight Index Fund
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February 17
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HSBC Focused Equity Fund
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February 17
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DSP ESG FUND
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February 12
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Aditya Birla Sun Life Nifty Mid-cap 150 Index Fund
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February 12
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Aditya Birla Sun Life Nifty Small-cap 50 Index Fund
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February 3
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Aditya Birla Sun Life ESG Fund
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January 31
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HSBC Money Market Fund
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January 20
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BNP Paribas Global Innovative Technology Fund
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January 16
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Union Hybrid Equity Fund
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January 16
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IDFC Floating Rate Fund
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January 14
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UTI Small-cap Fund
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January 10
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Nippon India ETF Nifty IT
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January 7
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Nippon India Nifty Small-cap 250 Fund
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January 7
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Nippon India Nifty Mid-cap 150 Index Fund
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The above table shows the list of funds year-till-date (YTD) that are pending for approval from SEBI’s end. We can see that most of the fund houses are interested in environmental, social and governance (ESG) scheme. Also, some are betting on passive investing, specifically in mid-cap and small-cap space. We can see some of the debt funds in pipeline as well, waiting to be launched soon.