Mutual Fund Update: New Fund Offers (NFOs)
If we look at the funds which are open for subscription this week, then there are 67 per cent of the close ended type and 33 per cent of open ended type funds. This time around, overall there are 3 funds, one among which is going to remain open till October 14, 2019. Among the 3 funds that are open for subscription, 2 are from income category of close ended types, and only one from equity scheme - ELSS category of open ended type.
| Scheme Name | Type | Category | Open Date | Close Date |
| ITI Long Term Equity Fund | Open Ended | ELSS | 15-Jul-19 | 14-Oct-19 |
| SBI Capital Protection Oriented Fund - Series A (Plan 6) | Close Ended | Income | 12-Sep-19 | 26-Sep-19 |
| SBI Fixed Maturity Plan (FMP) - Series 18 (1108 Days) | Close Ended | Income | 09-Sep-19 | 16-Sep-19 |