According to the Association of mutual funds In India (Amfi), 12 New Fund Offers (NFOs) from 11 fund houses are currently open for subscription, including Aditya Birla Sun Life Business Cycle Fund, Axis Nifty 50 Index Fund and Edelweiss Large & Midcap Index Fund.
ICICI Prudential S&P BSE 500 ETF FOF, IDFC Multi Cap Fund, IIFL Quant Fund, ITI Banking & Financial Services Fund and Mirae Asset Hang Seng Tech ETF are also among the funds whose NFOs are open for subscription.
Equity-oriented mutual funds saw inflows of Rs 5,215 crore in October, making it the eighth consecutive monthly net inflow.
However, the volume of net inflows declined as compared to the previous month. According to Amfi data, there was an investment of Rs 8,677 crore in equity funds in September.
Apart from equities, the hybrid category saw a net inflow of Rs 10,437 crore as compared to Rs 3,587 crore in the previous month.
Fund of Funds, Index Funds and ETFs also reported positive inflows and collectively reported positive inflows of Rs 10,759 crore in October.
Monthly SIP contribution during October reached Rs 10,518 crore as against Rs 10,351 crore in September.