NFOs in India
Mutual fund houses launch new schemes most weeks. This page tracks every NFO that's currently open or closing soon in India. It refreshes each Friday morning after AMFI publishes its weekly NFO feed.
The framing here stays calm. Most NFOs aren't reinventions of anything new. They're variants of categories that already have decade-old funds with track records. FinSet publishes a comparison next to each scheme. For the bigger question of whether these launches deserve fresh money, there's a separate anti-hype explainer on whether NFOs are worth it.
Currently open
| Scheme | AMC | Category | Opens | Closes | Min ₹ | Risk | FinSet take |
|---|---|---|---|---|---|---|---|
| The Wealth Company Large & Mid Cap Fund | The Wealth Company Mutual Fund | Equity Scheme | May 21 | Jun 04 | |||
| Groww Nifty Smallcap 250 Momentum Quality 100 ETF | Groww Mutual Fund | Other Scheme | May 29 | Jun 12 | |||
| Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund | Groww Mutual Fund | Other Scheme | May 29 | Jun 12 | |||
| KOTAK NIFTY ALPHA LOW VOLATILITY 30 INDEX FUND | Kotak Mahindra Mutual Fund | Other Scheme | May 29 | Jun 12 |
Recently closed (last 30 days)
| Scheme | AMC | Category | Closed | FinSet take |
|---|---|---|---|---|
| Nothing closed in the last 30 days that has a FinSet write-up yet. | ||||
Frequently asked
What is an NFO?
An NFO, or New Fund Offer, is a mutual fund scheme's first public subscription window. The AMC announces an open date, sets a fixed entry price around ₹10 per unit, runs the subscription for a fixed period, then closes the window and the scheme starts buying assets at market prices.
Are NFOs good investments?
Most aren't, in the sense that an NFO has no track record, no published portfolio yet and the same expense ratio as a comparable existing scheme that's had 5 or 10 years to prove itself. There are exceptions when an NFO opens a genuinely new asset class or category. The FinSet take next to each NFO calls out which is which.
NFO versus existing fund. Which is better?
An existing fund with a 5-year track record gives a real history of risk-adjusted returns, fund manager behaviour through cycles and actual portfolio holdings. An NFO has none of that. The low-NAV framing some AMCs use is a number illusion since NAV growth depends on the underlying assets and not on the starting price.
How do I apply for an NFO?
Through any SEBI-registered platform that distributes the scheme. Direct plans go through the AMC's own website or app. Regular plans go through a distributor or broker. The minimum investment for most equity NFOs sits between ₹100 and ₹5,000.
What's the minimum NFO investment?
It varies by scheme. Most equity NFOs accept lumpsum from ₹100 to ₹5,000. Index funds and ETFs typically start at ₹500. The exact minimum sits in each scheme's row above.
Why so many NFOs in 2026?
AMCs have a finite number of category slots per SEBI's 2017 categorization rules. They fill empty slots with new schemes. Some launches are genuine category openings. Many are slot-filling exercises that recycle a strategy a sibling fund already runs. The FinSet take on each scheme calls out the difference.