Mutual fund update: Upcoming new fund offers (NFO)
As of now, there is no fund that is open for subscription. However, there are funds, which have filed the draft offer document with Securities and Exchange Board of India (SEBI). Below is a list of funds that are awaiting SEBI’s approval. Kindly click on the respective fund names to access their draft scheme information document (SID).
The above table shows you a list of funds in the month of July 2020 to date, which have filed their draft SID with SEBI and are still pending for its approval. We can see the fund houses launching their value funds. Also, Edelweiss is betting on passive investing, as it’s coming up with index funds that would follow MSCI India Financials Index. From debt space, HSBC AMC is set to launch its corporate debt fund.