New fund offers

11 new fund offers are open on 29 Oct 2026. The next to close is Axis Nifty EV & New Age Automotive Index Fund, on 30 Oct 2026. A new fund offer (NFO) is a new mutual fund's first sale of units, open for a fixed window; once it closes the fund starts, and its NAV is published every business day.

Open now

Soonest to close first. The minimum is the least one application takes.

Opening soon

Soonest to open first.

Closed in the last 60 days

Latest closed first. The change is the latest NAV against the first, on the plan the fund's page shows; it is left blank on an IDCW plan, whose NAV falls by each payout.

About new fund offers

New fund offers (NFOs) are the first sale of units in a new mutual fund or ETF scheme, open for a fixed window before the fund starts. This page lists NFOs open now, those opening soon, and those that closed in the last 60 days, with each fund's dates and minimum application.

What an NFO is

A mutual fund house raises money for a new scheme by selling units during the offer period. Units are offered at a fixed face value. This is a starting price only: it says nothing about the value of the holdings behind it. The fund begins investing once the offer closes, and its net asset value (NAV, the value of one unit after costs) is published every business day after that.

Offer period and allotment

SEBI's mutual fund rules keep an offer open for at least 3 working days and at most 15 calendar days. Units are allotted, or money refunded, within 5 working days of the close. An open-ended scheme then reopens for regular purchases and redemptions within 5 working days of allotment. A closed-end scheme instead lists on an exchange.

How the page is organised

Open now is ordered by closing date, soonest first. Opening soon is ordered by opening date, soonest first. Closed in the last 60 days is ordered by closing date, latest first. Each row names the fund house and category. Minimum is the least one application takes.

Closed offers and the change column

For closed offers the page shows the first NAV and the latest NAV. The change is the latest NAV against the first, on the plan the fund's page shows. It is left blank for IDCW plans (income distribution cum capital withdrawal, which pay out part of the NAV), because their NAV falls with each payout.

NFO and IPO

An NFO resembles a company IPO in having a subscription window, but the units are not shares of a company. An open-ended fund other than an ETF has no listing day price: after the offer every unit is bought and sold at the NAV declared for that day.