The thematic funds – other category had around 10 new fund offers during January to July 2023. The new schemes were from business cycle, innovation fund, defence, active momentum, non-cyclical consumer, quant, manufacturing, and transportation and logistics theme.
The multi cap category had five new fund offers in the first seven months of 2023. Mutual fund houses such as HSBC Mutual Fund, Mirae Asset Mutual Fund, Tata Mutual Fund, Bank of India Mutual Fund, and Canara Robeco Mutual Fund came up with new fund offerings of multi cap schemes.
The flexi cap category had around four new fund offers. Bajaj Finserv Mutual Fund, the new entrant in the mutual fund industry, came up with the new fund offer of its flexi cap scheme. The other fund houses like ITI Mutual Fund, Mirae Asset Mutual Fund, and 360 One mutual Fund also launched flexi cap schemes.
In the passive category, 12 new ETFs were launched. Several mutual fund houses such as Axis Mutual Fund, DSP Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Mirae Asset Mutual Fund came up with new fund offerings of ETFs. Both DSP Mutual Fund and HDFC Mutual Fund have launched four new ETFs – Index schemes.
Around 10 new fund offers were index schemes. Index Funds – Other category included index schemes based on Nifty Smallcap 50 Index, Nifty 500 Value 50 Index, Nifty Microcap 250 Index, and Nifty Financial Services Ex-Bank Index.
In the last one month, mutual fund houses have filed drafts for 11 new equity mutual fund schemes. Bandhan Mutual Fund is leading with the maximum number of drafts.
According to AMFI monthly data, around 81 open-ended NFOs were launched during the January -June 2023 period (last available data). These 81 new fund offers mobilized Rs 19,926 crore. The monthly data of AMFI includes debt fund NFOs, too.
