Mutual Fund Update: New Fund Offer (NFO)
DSIJ IntelligenceCategories: MF Unlocked, Mutual Fund
New Fund Offers (NFOs) that are open for subscription.
If we look at the funds which are open for subscription then 56 per cent of the funds are close-ended type and remaining 44 per cent are of open-ended type. There are overall nine funds which are open for subscription and among that five are income category close-ended funds and from open-ended type there are two funds from equity multi-cap category, one from debt - banking and PSU category and one from equity small cap category. The launch of open-ended funds is closer to close-ended funds. ITI is a new 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 |
| HDFC FMP 1100D April 2019(1) | Close Ended | Income | 30-Apr-19 | 07-May-19 |
| ICICI Prudential Fixed Maturity Plan - Series 86 - 1113 Days Plan C | Close Ended | Income | 02-May-19 | 09-May-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 Capital Protection Oriented Fund - Series A (Plan 3) | Close Ended | Income | 02-May-19 | 16-May-19 |
| UTI - Fixed Term Income Fund Series XXXI-XIII (1127 Days) | Close Ended | Income | 22-Apr-19 | 06-May-19 |