Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription then there are 33 per cent of the funds of close-ended type and 67 per cent are from open-ended type. There are overall 6 funds which are open for subscription and among those 2 are income category close-ended funds and from open-ended type all the 4 funds are from different category viz. debt scheme – overnight funds, equity scheme – ELSS (Equity Linked Saving Scheme), equity scheme – mid-cap fund and equity scheme – focused fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| Canara Robeco Overnight Fund | Open Ended | Overnight Fund | 19-Jul-19 | 23-Jul-19 |
| Franklin India Fixed Maturity Plans Series 6 Plan D (1097 days) | Close Ended | Income | 18-Jul-19 | 23-Jul-19 |
| ITI Long Term Equity Fund | Open Ended | ELSS | 15-Jul-19 | 14-Oct-19 |
| Mirae Asset Midcap Fund | Open Ended | Mid Cap Fund | 08-Jul-19 | 22-Jul-19 |
| SBI Fixed Maturity Plan (FMP) Series 13 (1108 Days) | Close Ended | Income | 16-Jul-19 | 22-Jul-19 |
| Union Focused Fund | Open Ended | Focused Fund | 15-Jul-19 | 29-Jul-19 |