Mutual Fund Update: New Fund Offer (NFO)

If we look at the funds which are open for subscription this week, there are 17 per cent funds form closed ended type and 83 per cent are from open ended type. There are overall 10 funds, one being from income category close ended fund and remaining being form open ended type. From open ended funds, two of them are from other scheme – other ETFs category. One from other scheme – FoF domestic category, one from debt scheme – Ultra Short Duration category and one from hybrid scheme – arbitrage fund category.