Several fund houses have launched new fund offers (NFOs) across ETF, fund of fund and multi-asset categories. Mirae Asset Mutual Fund has introduced the Mirae Asset BSE Midcap 150 Momentum 30 ETF, an open-ended exchange traded fund tracking the BSE Midcap 150 Momentum 30 Total Return Index. The NFO is open from July 6 to July 13, 2026. The scheme carries no entry or exit load and requires a minimum investment of ₹5,000. The fund will be managed by Ekta Gala and Vishal Singh.
Mirae Asset has also launched the Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF, an open-ended fund of fund investing in units of the ETF. The NFO remains open from July 6 to July 20, 2026. The scheme has no entry load and an exit load of 0.05% if redeemed within 15 days of allotment, while redemptions after 15 days will not attract any exit load. The minimum subscription amount is ₹5,000 per application and in multiples of Re. 1 thereafter.
AlphaGrep Mutual Fund has launched the Alphagrep Multi Asset Allocation Fund Growth, an open-ended scheme designed to mirror the performance of its benchmark index with minimal tracking error. The NFO is open from July 6 to July 20, 2026 and requires a minimum investment of ₹500 during the subscription window. The scheme carries no entry load and levies a 1% exit load on redemptions within 15 days of allotment. The fund will be managed by Ravneet Singh and is suitable for passive investors seeking benchmark returns. The launch NAV as of July 6, 2026 is ₹10 for most NFOs. The fund is benchmarked against the MCX I-COMDEX Composite Index and aims to generate long-term capital appreciation by investing in a diversified portfolio across equities, debt instruments, gold/silver/commodities ETFs and exchange traded commodity derivatives.
Edelweiss Mutual Fund has launched the Edelweiss Nifty Metal ETF, an open-ended exchange traded fund replicating the Nifty Metal Total Return Index. The NFO is open for subscription from July 6 to July 20, 2026. The scheme has no entry or exit load and requires a minimum investment of ₹5,000 during the NFO period. The fund managers are Bhavesh Jain and Manasi Jalgaonkar. The scheme aims to generate returns in line with the performance of the Nifty Metal Total Return Index, subject to tracking error. The investment objective is to generate long-term capital appreciation by investing in a diversified portfolio, though there is no assurance or guarantee that the investment objective will be achieved.
Baroda BNP Paribas Mutual Fund has announced an Income Distribution cum Capital Withdrawal (IDCW) under the Direct Plan – Monthly IDCW Option of the Baroda BNP Paribas Arbitrage Fund. The fund house has fixed July 8, 2026, as the record date for the distribution, or the immediately following business day if July 8 is not a business day. The quantum of IDCW has been set at ₹0.06 per unit on the face value of ₹10.
