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 38 per cent of the funds are of close-ended type and 63 per cent are open-ended type. There are overall 8 funds which are open for subscription and among that 3 are income category close-ended funds and from the open-ended type all the 5 funds are from different category viz. hybrid – equity savings, other schemes – other ETFs, equity scheme – focused funds, hybrid – aggressive hybrid fund and equity scheme – ELSS.
| Scheme Name | Type | Category | Open Date | Close Date |
| Baroda Equity Savings Fund | Open Ended | Equity Savings | 04-Jul-19 | 16-Jul-19 |
| ICICI Prudential Bank ETF | Open Ended | Other ETFs | 03-Jul-19 | 08-Jul-19 |
| Indiabulls FMP Series VI- Plan 2- 1135 Days | Close Ended | Income | 28-Jun-19 | 12-Jul-19 |
| Kotak Focused Equity Fund | Open Ended | Focused Fund | 25-Jun-19 | 09-Jul-19 |
| Mahindra Hybrid Equity Nivesh Yojana | Open Ended | Aggressive Hybrid Fund | 28-Jun-19 | 12-Jul-19 |
| Parag Parikh Tax Saver Fund | Open Ended | ELSS | 04-Jul-19 | 18-Jul-19 |
| Reliance Fixed Horizon Fund - XLI - Series 12 | Close Ended | Income | 25-Jun-19 | 09-Jul-19 |
| SBI Fixed Maturity Plan (FMP) - Series 11 (1178 Days) | Close Ended | Income | 03-Jul-19 | 08-Jul-19 |