Around three new mutual fund NFOs will open for subscription this week. ICICI Prudential Nifty200 Value 30 Index Fund, ICICI Prudential Nifty200 Value 30 ETF, and Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund are open for subscription this week.
These three funds are from target maturity fund, an index fund, and an ETF category.
ICICI Prudential Nifty200 Value 30 Index Fund
ICICI Prudential Nifty200 Value 30 Index Fund is an open ended index scheme replicating Nifty200 Value 30 Index. The new fund offer or NGO of the scheme is open for subscription and will close on October 14.
The objective of the Scheme is to invest in companies whose securities are included in Nifty200 Value 30 Index and subject to tracking errors, to endeavor to achieve the returns of the above index. This would be done by investing in all the stocks comprising the Nifty200 Value 30 Index in the same weightage that they represent in Nifty200 Value 30 Index.
The scheme is benchmarked against Nifty200 Value 30 TRI and will be managed by Nishit Patel and Priya Sridhar.
The scheme will allocate 95-100% in equity and equity related securities of companies constituting the underlying index (Nifty200 Value 30 Index) and 0-5% in money market instruments including TREPs and units of debt schemes.
ICICI Prudential Nifty200 Value 30 ETF
ICICI Prudential Nifty200 Value 30 ETF is an open-ended Index Exchange Traded Fund tracking Nifty200 Value 30 Index. The new fund offer or NGO of the scheme is open for subscription and will close on October 14.
The investment objective of the scheme is to provide returns before expenses that closely correspond to the total return of the underlying index subject to tracking errors.
The scheme will be benchmarked against Nifty200 Value 30 TRI. The scheme will be managed by Nishit Patel and Priya Sridhar.
The scheme will allocate 95-100% in equity and equity related securities of companies constituting the underlying index and 0-5% in money market instruments including TREPs, and units of debt schemes.
Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund
Aditya Birla SL CRISIL-IBX AAA NBFC-HFC Index-Sep 2026 Fund is an open ended Target Maturity Index Fund tracking the CRISIL-IBX AAA NBFC-HFC Index – Sep 2026 with a moderate interest rate risk and relatively low credit risk. The new fund offer or NGO of the scheme is open for subscription and will close on October 14.
The investment objective of the scheme is to generate returns corresponding to the total returns of the securities as represented by the CRISIL-IBX AAA NBFC-HFC Index – Sep 2026 before expenses, subject to tracking errors.
The scheme will be benchmarked against CRISIL-IBX AAA NBFC-HFC Index – Sep 2026. The scheme will be managed by Harshil Suvarnkar and Vighnesh Gupta.
The scheme will allocate 95-100% in instruments forming part of the CRISIL-IBX AAA NBFC-HFC Index – Sep 2026 and 0-5% in debt and money market instruments (including cash and cash equivalent).