If you have opened an investing app or a finance news site this week, you have probably been nudged about a "new fund launch." Launch season never really stops in India, and as August turns into September 2026 there are 13 new fund offers open for subscription — with more arriving almost every day.
We pulled that list straight from the MFGenie database — real open and close dates, real minimum amounts, no marketing gloss. One note before anything else: this snapshot is as of August 28, 2026, and NFO windows move fast. In just the last two days, one fund (UTI Balanced Hybrid) closed and four new ones opened. If something below interests you, check its close date first — three of these windows shut on August 31.
First, what exactly is an NFO?
An NFO (new fund offer) is the launch window of a brand-new mutual fund. For roughly two weeks, the fund house invites subscriptions before the fund starts trading normally. During this window, you buy units at a fixed offer price — and for all 13 funds below, that price is ₹10 per unit.
A quick gloss while we are here: a fund's NAV (net asset value) is simply its per-unit price, recalculated every business day. After the NFO closes, the fund's NAV starts moving with the value of whatever it holds.
Think of an NFO as a shop's opening week. The ribbon-cutting is real, the discounts on the poster are real — but nothing about opening week tells you whether the shop is any good. That comes later.
The NFOs open as September begins
Here is the full list as of August 28, 2026, sorted by close date. Every one of these funds has its own detail page on MFGenie with the stated objective and a link to the official offer document.
| Fund | Category | NFO window (2026) | Minimum |
|---|---|---|---|
| ITI Multi Asset Allocation Fund | Hybrid — Multi Asset | Aug 17 – Aug 31 | ₹5,000 |
| Nippon India Income Plus Arbitrage Omni Fund of Fund | Fund of Funds (Domestic) | Aug 17 – Aug 31 | ₹500 |
| quant Income Plus Arbitrage Active FOF | Fund of Funds (Domestic) | Aug 17 – Aug 31 | ₹5,000 |
| Invesco India Pharma and Healthcare Fund | Equity — Sectoral | Aug 18 – Sep 1 | ₹1,000 |
| Quantum Flexi Cap Fund | Equity — Flexi Cap | Aug 21 – Sep 4 | ₹500 |
| ICICI Prudential Life Cycle Fund 2031 | Life Cycle — 5-year maturity | Aug 26 – Sep 9 | ₹100 |
| ICICI Prudential Life Cycle Fund 2036 | Life Cycle — 10-year maturity | Aug 26 – Sep 9 | ₹100 |
| ICICI Prudential Life Cycle Fund 2041 | Life Cycle — 15-year maturity | Aug 26 – Sep 9 | ₹100 |
| ICICI Prudential Dynamic Asset Allocation Passive FOF | Fund of Funds (Domestic) | Aug 26 – Sep 9 | ₹1,000 |
| The Wealth Company Multi Cap Fund | Equity — Multi Cap | Aug 27 – Sep 10 | ₹1,000 |
| Zerodha Life Cycle Fund 2031 | Life Cycle — 5-year maturity | Aug 27 – Sep 10 | ₹100 |
| Bank of India Value Fund | Equity — Value | Aug 28 – Sep 11 | ₹5,000 |
| Motilal Oswal Quality Fund | Equity — Thematic | Aug 28 – Sep 11 | ₹500 |
All 13 are open-ended schemes, meaning you can buy or sell units any business day once the fund goes live — the NFO window only limits when you can subscribe at the ₹10 offer price. (For scale on how quickly this list turns over: UTI Balanced Hybrid Fund was open here until it closed on August 28, and four of the funds above only opened in the last two days.)
What the data actually shows
A few patterns jump out of this list once you stop reading one launch ad at a time.
Every single one is priced at ₹10. This matters because the most common NFO myth is that ₹10 is "cheap" compared with an established fund whose NAV is ₹80 or ₹500. It is not. NAV is just the unit size, not the price tag of a bargain. ₹5,000 invested at ₹10 buys the exact same rupee exposure as ₹5,000 invested at ₹500 — you simply hold more, smaller units.
Four of the 13 are target-maturity "Life Cycle" funds. A Life Cycle fund is built around a maturity year (2031, 2036, 2041) and gradually shifts from equity toward safer assets as that year approaches — a target-date design. Three are from ICICI Prudential; the fourth is a new entrant, Zerodha Mutual Fund. A cluster of these opening at once is worth noticing: they are a genuinely newer category in India, so unlike a new flexi-cap fund, you cannot always find a long-running Indian equivalent to compare against.
Three of the 13 are funds of funds. A fund of funds (FoF) does not buy shares or bonds directly — it buys units of other mutual funds or exchange-traded funds. The Nippon India and quant launches both wrap arbitrage-plus-income strategies this way; ICICI Prudential's wraps a dynamic asset-allocation strategy.
One fund house accounts for four of the launches. ICICI Prudential has four of the 13 open NFOs — its three Life Cycle funds plus the Dynamic Asset Allocation FOF.
Minimums run from ₹100 to ₹5,000. Four funds will take as little as ₹100. That is genuinely low-friction — and also a reminder that a low entry ticket is a distribution choice, not a signal of quality.
The honest trade-off: novelty versus a track record
Here is the thing nobody puts on the launch poster: an NFO has zero performance history. Not a short history — none.
Past performance does not guarantee future results, but a five- or ten-year record still tells you something no brochure can: how the fund actually behaved when markets fell, how consistent the manager has been, what the fund really holds. With an NFO, you are reading intentions, not evidence.
Two more things you cannot fully know at launch. The TER (total expense ratio) — the annual fee, taken as a percentage of your money — is often not final or stable in a fund's earliest days. And the fund starts with a small AUM (assets under management — the total money the fund manages), which can mean higher friction while it builds its portfolio.
So when is the novelty side of the trade-off real? When the fund does something you genuinely cannot get from an existing fund. That is the test worth running: among the 2,000+ investable funds from 49 fund houses that MFGenie tracks, does a fund with years of published history already do this job? For a new flexi-cap, value, or multi-cap fund, the answer is almost always yes — those categories are crowded with funds you can actually evaluate. For a target-maturity Life Cycle fund, the field is thinner, and the case for considering a new entrant is at least honest. Thinner competition is a reason to look closely — not an automatic reason to subscribe.
Five checks before you subscribe
1. The close date. The table above is the real calendar, as of August 28. Three funds close August 31; one closes September 1. By the time you read this, some may already have shut — always confirm the live date on the fund's page.
2. The "does this already exist?" test. Search the category on MFGenie and compare the new fund's pitch against funds with real, published numbers.
3. Read the objective, not the ad. Every NFO publishes a Scheme Information Document (SID) — the official rulebook stating what the fund may hold and what it costs. The detail page for each fund on MFGenie links to it.
4. The minimum is not the right amount. ₹100 gets you in the door; it does not tell you what fits your goals. Decide your amount from your plan, not from the ticket size.
5. Know the exit rules. Check the SID for exit loads — fees for selling early — and note that maturity-dated funds like the four Life Cycle launches are built around a horizon; leaving early defeats the design.
Takeaway box: the 30-second NFO filter
- 13 NFOs are open as of August 28, 2026; three (ITI Multi Asset, Nippon India, quant) close August 31. NFO lists turn over fast — check the live date.
- ₹10 per unit is not "cheap" — NAV is unit size, not a discount.
- No track record means you are buying a plan, not evidence. Prefer funds you can evaluate unless the NFO does something genuinely unavailable elsewhere.
- Run the existence test against 2,000+ investable funds from 49 fund houses before subscribing — every fund above has a detail page on MFGenie with dates, minimums, and the official offer document.
MFGenie is an AMFI-registered mutual fund distributor (ARN-295666). Mutual fund investments are subject to market risks; read all scheme-related documents carefully. Past performance does not guarantee future results. NFO details are as of August 28, 2026 and can change; confirm on the fund's offer document before investing.