Three major mutual fund houses have filed offer documents with SEBI for new schemes this week. Edelweiss Mutual Fund has launched an open-ended exchange traded scheme named 'Edelweiss BSE Top 10 Bank ETF' with a minimum target amount of ₹5 crore. The scheme offers nil entry and exit loads, benchmarks against the BSE Top 10 Bank Total Return Index, and requires a minimum NFO application of ₹5,000 in multiples of ₹1 thereafter. Tata Mutual Fund has filed for an interval investment strategy named 'Titanium Active Asset Allocator Long-Short Fund' with a higher minimum target of ₹20 crore. The scheme offers growth and IDCW plans, charges nil entry load, and has exit loads of 1% for redemptions within one month and nil thereafter, with a minimum NFO application of ₹10 lakh.
ITI Mutual Fund has filed for an open-ended scheme named 'ITI Multi Asset Allocation Fund' with a minimum target amount of ₹10 crore. The scheme offers growth and IDCW plans, charges nil entry load, and has exit loads of 0.50% for redemptions within three months and nil thereafter. The fund benchmarks against 50% NIFTY 250TRI + 35% CRISIL Composite Bond Index + 10% Domestic Price of Physical Gold + 5% Domestic Price of Silver. The minimum NFO application is ₹5,000 in multiples of ₹1 thereafter, with the investment objective focused on long-term capital appreciation and income through equity, debt instruments, and commodity derivatives.
UTI Asset Management Company has announced significant changes to the risk-o-meter ratings of two of its schemes. The risk-o-meter of UTI Dynamic Bond Fund has been revised from 'Moderate' to 'Low to Moderate', while the risk-o-meter of UTI Overnight Fund has been revised from 'Low to Moderate' to 'Low'. According to the company's announcement, these revisions are based on the evaluation of the schemes' portfolios as on June 30, 2026. The revised risk-o-meter will form part of the Application Form and Scheme Information Document of the respective schemes, with all other product label details and terms remaining unchanged.
SBI Mutual Fund has launched the 'SBI Crisil - IBX SDL Index - June 2034 Index Fund', an open-ended Target Maturity Index Fund tracking the CRISILIBX SDL Index – June 2034 Index. The NFO opened for subscription on July 7, 2026 and closes on July 14, 2026, with no entry load and nil exit load. The fund has a minimum subscription amount of ₹5,000 in multiples of ₹1 thereafter, with fund manager Rajeev Radhakrishnan. The scheme carries relatively high interest rate risk and relatively low credit risk, with the investment objective to provide returns that closely correspond to the total returns of the underlying index subject to tracking error.
