Mutual Fund Update: New Fund Offer (NFO)
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
New Fund Offers (NFOs) open for subscription this month.
If we look at the funds which are open for subscription this month, we find that 50 per cent of the funds were close-ended type and the remaining 50 per cent were open-ended type. There are overall 8 funds which are open for subscription and among them, four are income category close-ended funds and of the open-ended type, two funds are equity - multi-cap category; one is from debt - banking and PSU category and the last one is from equity - small-cap category. This time, ITI is the newest AMC (Asset Management Company) to launch its fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| Aditya Birla Sun Life Fixed Term Plan - Series SN (1099 days) | Close Ended | Income | 26-Apr-19 | 06-May-19 |
| ICICI Prudential Fixed Maturity Plan - Series 86 - 1099 Days Plan B | Close Ended | Income | 24-Apr-19 | 30-Apr-19 |
| Indiabulls Banking & PSU Debt Fund | Open Ended | Banking and PSU Fund | 25-Apr-19 | 09-May-19 |
| ITI Multi Cap Fund | Open Ended | Multi Cap Fund | 25-Apr-19 | 09-May-19 |
| Mirae Asset Focused Fund | Open Ended | Multi Cap Fund | 23-Apr-19 | 07-May-19 |
| Principal Small Cap Fund | Open Ended | Small Cap Fund | 22-Apr-19 | 06-May-19 |
| SBI Fixed Maturity Plan (FMP) - Series 4 (365 Days) | Close Ended | Income | 23-Apr-19 | 30-Apr-19 |
| UTI - Fixed Term Income Fund Series XXXI-XIII (1127 Days) | Close Ended | Income | 22-Apr-19 | 06-May-19 |