Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription this week 20 per cent funds are of close ended type and 80 per cent from open ended type. There are overall 5 funds, one of them being close ended fund and rest of them being open ended fund. Among the open ended 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 and one from equity scheme - ELSS category.
| 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 |
| SBI Fixed Maturity Plan (FMP) - Series 19 (1115 Days) | Close Ended | Income | 30-Sep-19 | 07-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 |