Mutual Fund Update: New Fund Offer (NFO)

If we look at the funds which are open for subscription this week 25 per cent funds are of close ended type and 75 per cent from open ended type. There are overall 4 funds, one of them being close ended fund from income category and rest of them being open ended fund. Among the open ended funds that are open for subscription one fund is from other schemes – other ETFs, one from equity scheme – sectoral or thematic, and one from debt scheme – overnight fund category.