Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds that are open for subscription this week, then, surprisingly, there are no funds from close ended type and 100 per cent from open ended type. This time around there are overall 5 funds all being open ended type. Among the funds that are open for subscription, one fund is from other schemes - index funds, one from equity scheme – sectoral or thematic, one from equity scheme - large & mid cap fund, 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 |
| Axis Nifty 100 Index Fund | Open Ended | Index Funds | 27-Sep-19 | 11-Oct-19 |
| Tata Banking & PSU Debt Fund | Open Ended | Banking and PSU Fund | 19-Sep-19 | 03-Oct-19 |
| ICICI Prudential Commodities Fund | Open Ended | Sectoral/ Thematic | 25-Sep-19 | 09-Oct-19 |
| Motilal Oswal Large and Midcap Fund (MOFLM) | Open Ended | Large & Mid Cap Fund | 27-Sep-19 | 11-Oct-19 |