Mutual Funds Update: New Fund Offer
There are a total of 12 New Fund Offers (NFOs) open for subscription of which 8 mutual funds are close-ended mutual funds and remaining 3 are open-ended mutual funds and 1 is ETF (Exchange Traded Fund). Among the close-ended mutual funds 6 are from income category and remaining 2 are growth and ELSS (Equity Linked Savings Scheme). The three open-ended mutual funds are from dividend yield fund, liquid fund and arbitrage fund.
Following are the details of the NFOs that are currently open for subscription.
| Name of Scheme | Scheme Type | Scheme Category | Closure Date |
| Aditya Birla Sun Life Fixed Term Plan - Series RU (1225 days) | Close-Ended | Income | 17-12-2018 |
| Aditya Birla Sun Life Fixed Term Plan - Series RV (1224 days) | Close-Ended | Income | 19-12-2018 |
| Aditya Birla Sunlife Nifty Next 50 ETF | Open-Ended | Other Scheme - Other ETFs | 17-12-2018 |
| Axis Capital Builder Fund - Series 4 (1582 Days) | Close-Ended | Growth | 14-12-2018 |
| Franklin India Fixed Maturity Plans- Series 5- Plan C (1259 days) | Close-Ended | Income | 18-12-2018 |
| ICICI Prudential Fixed Maturity Plan - Series 84 - 1225 Days Plan T | Close-Ended | Income | 17-12-2018 |
| ICICI Prudential Fixed Maturity Plan - Series 84 - 1235 Days Plan R | Close-Ended | Income | 19-12-2018 |
| IDBI Dividend Yield Fund | Open-Ended | Equity Scheme - Dividend Yield Fund | 17-12-2018 |
| Motilal Oswal Liquid Fund | Open-Ended | Debt Scheme - Liquid Fund | 18-12-2018 |
| Sundaram Long Term Tax Advantage Fund Series VI | Close-Ended | ELSS | 24-12-2018 |
| Tata Arbitrage Fund | Open-Ended | Hybrid Scheme - Arbitrage Fund | 17-12-2018 |
| UTI - Fixed Term Income Fund Series XXX-XIV (1209 Days) | Close-Ended | Income | 26-12-2018 |