Mutual Fund Update: New Fund Offer (NFO)

If we look at the funds which are currently open for subscription, we find there are 33 per cent of the funds of close-ended type and 67 per cent is from open-ended type. There are overall six funds which are open for subscription and among that two are income category close-ended funds and from open-ended type there are two funds from equity scheme - sectoral/thematic fund category, one fund from debt scheme – overnight fund category and one fund from hybrid scheme – dynamic asset allocation or balanced advantage fund category.