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 there are 29 per cent of the funds of close-ended type and 71 per cent is from open-ended type. There are overall seven funds which are open for subscription and among that two are income category close-ended funds and from the open-ended type, all the five funds are from different category viz. hybrid – equity savings, equity scheme – focused funds, hybrid – aggressive hybrid fund, equity scheme – ELSS and equity scheme – mid-cap fund.
| Scheme Name | Type | Category | Open Date | Close Date |
| Baroda Equity Savings Fund | Open Ended | Equity Savings | 04-Jul-19 | 16-Jul-19 |
| Indiabulls FMP Series VI- Plan 2- 1135 Days | Close Ended | Income | 28-Jun-19 | 12-Jul-19 |
| Mahindra Hybrid Equity Nivesh Yojana | Open Ended | Aggressive Hybrid Fund | 28-Jun-19 | 12-Jul-19 |
| Kotak Focused Equity Fund | Open Ended | Focused Fund | 25-Jun-19 | 09-Jul-19 |
| Mirae Asset Midcap Fund | Open Ended | Mid Cap Fund | 08-Jul-19 | 22-Jul-19 |
| Parag Parikh Tax Saver Fund | Open Ended | ELSS | 04-Jul-19 | 18-Jul-19 |
| SBI Fixed Maturity Plan (FMP) - Series 12 (1179 Days) | Close Ended | Income | 09-Jul-19 | 15-Jul-19 |