Mutual Fund Update: New Fund Offer (NFO)
If we look at the funds which are open for subscription this week, there are no funds form closed ended type. All the funds are from open ended type. There are overall 7 funds, three of them being from solution-oriented scheme – Retirement fund category. Other two are from other scheme – index funds and remaining two are from midcap and large & midcap category.
| Scheme Name | Type | Category | Open Date | Close Date |
| Axis Retirement Savings Fund - Aggressive Plan | Open Ended | Retirement Fund | 29-Nov-19 | 13-Dec-19 |
| Axis Retirement Savings Fund - Conservative Plan | Open Ended | Retirement Fund | 29-Nov-19 | 13-Dec-19 |
| Axis Retirement Savings Fund - Dynamic Plan | Open Ended | Retirement Fund | 29-Nov-19 | 13-Dec-19 |
| Mahindra Top 250 Nivesh Yojana | Open Ended | Large & Mid Cap Fund | 06-Dec-19 | 20-Dec-19 |
| Motilal Oswal Nifty 50 Index Fund (MOFNIFTY50) | Open Ended | Index Funds | 03-Dec-19 | 17-Dec-19 |
| Motilal Oswal Nifty Next 50 Index Fund (MOFNEXT50) | Open Ended | Index Funds | 03-Dec-19 | 17-Dec-19 |
| Principal Midcap Fund | Open Ended | Mid Cap Fund | 06-Dec-19 | 20-Dec-19 |