Mutual Fund Update: New Fund Offer (NFO)
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 |