Mutual Fund Update: New Fund Offers (NFOs)
If we look at the funds which are open for subscription this week, then there are 13 per cent of the funds of close ended type and 88 per cent as open ended type. This time around, there are overall 8 funds, one among which is going to remain open till October 2019. Among 8 funds, which are open for subscription, one is from income category close ended fund and from the open ended type there are 7 funds - one from hybrid scheme – arbitrage fund, one from equity scheme - ELSS category, 4 from other schemes – index funds, and one from equity scheme – multi cap fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| ITI Arbitrage Fund | Open Ended | Arbitrage Fund | 20-Aug-19 | 03-Sep-19 |
| ITI Long Term Equity Fund | Open Ended | ELSS | 15-Jul-19 | 14-Oct-19 |
| Motilal Oswal Nifty 500 Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Bank Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Midcap 150 Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| Motilal Oswal Nifty Smallcap 250 Index Fund | Open Ended | Index Funds | 19-Aug-19 | 30-Aug-19 |
| SBI Capital Protection Oriented Fund - Series A (Plan 5) | Close Ended | Income | 22-Aug-19 | 05-Sep-19 |
| Sundaram Equity Fund | Open Ended | Multi Cap Fund | 16-Aug-19 | 30-Aug-19 |