Investors will have six new mutual fund offers (NFOs) to choose from this week, with schemes from HDFC Mutual Fund, ICICI Prudential Mutual Fund and The Wealth Company opening for subscription between August 24 and August 28. According to data from ACE MF, HDFC Gold Silver Passive FOF will be the first to open, with its subscription window beginning on August 24 and closing on September 7. ICICI Prudential Mutual Fund will launch four schemes during the week, including three Life Cycle Funds targeting 2031, 2036 and 2041, along with the ICICI Prudential Dynamic Asset Allocation Passive FOF. All four schemes will open on August 26 and close on September 9. The Wealth Company Multi Cap Fund will open for subscription on August 27 and close on September 10.
HDFC Mutual Fund has filed draft papers for the HDFC BSE REITS and Commercial Real Estate Index Fund, marking another significant development in the mutual fund sector. The proposed scheme is an open-ended index fund that will track the BSE REITS and Commercial Real Estate Index (TRI). According to the draft document, the fund will seek to generate returns in line with the index, before fees and expenses, though it may not fully match the index's performance due to tracking error. The fund will invest primarily in securities included in the underlying index, with at least 95% of the scheme's net assets proposed to be allocated to index securities.
Multiple mutual fund houses undertook significant scheme renaming exercises on August 20-21, 2026. According to reports from Mint, JM Financial implemented comprehensive renaming across its fund portfolio, including JM Midcap Fund to JM Mid Cap Fund, JM Flexicap Fund to JM Flexi Cap Fund, JM ELSS Tax Saver Fund to JM ELSS - Tax Saver Fund, and JM Low Duration Fund to JM Ultra Short to Short Term Fund. Similarly, HDFC Mutual Fund executed extensive renaming of its schemes, including HDFC Large and Mid-Cap Fund to HDFC Large & Mid Cap Fund, HDFC ELSS Tax Saver to HDFC ELSS - Tax Saver Fund, HDFC Hybrid Debt Fund to HDFC Conservative Hybrid Fund, and HDFC Hybrid Equity Fund to HDFC Aggressive Hybrid Fund. DSP Mutual Fund has also announced changes effective from August 25, 2026, with DSP 10Y G-Sec Fund becoming DSP 10 year Constant Maturity Gilt Fund, DSP Floater Fund becoming DSP Floating Interest Rates Fund, and DSP Regular Savings Fund becoming DSP Conservative Hybrid Fund.
The mutual fund industry witnessed the launch of Quantum Flexi Cap Fund on August 20, 2026, as reported by Mint. The scheme will be benchmarked against 65% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 25% CRISIL 10 year Gilt Index. The fund has a minimum application of ₹100 with any amount thereafter. Additionally, Aditya Birla Sun Life launched Aditya Birla Sun Life Arbitrage Fund with exit loads of 10% if redeemed within 180 days and 1% for remaining 90% if redeemed within the same period.
According to reports from Mint, the mutual fund industry witnessed wider adoption of the NCDEX Nidhi platform by fund houses on August 20-21, 2026. This development represents a significant step in digital transformation within the mutual fund sector, enabling fund houses to streamline their operations and improve investor experience through the NCDEX Nidhi platform.
The HDFC BSE REITS and Commercial Real Estate Index Fund requires a minimum investment of ₹100 during the New Fund Offer (NFO) and after the scheme opens for regular transactions. Units will be issued at ₹10 each during the offer period. Investors redeeming or switching out units within three months from the date of allotment will have to pay an exit load of 0.50%. No exit load will apply to redemptions or switch-outs made after the three-month period. For SIPs, STPs and other systematic transactions, the exit load applicable on the date of registration or enrolment will apply. The scheme will reopen for sale and repurchase within five working days of unit allotment, with its first NAV disclosed within five business days.
