New Mutual Fund Offers (NFOs) Analysis
As of July 1, 2025
Background and Context
This segment provides a close analysis of new mutual fund New Fund Offers (NFOs) available for subscription. Our research indicates the existence of 8 new NFOs, and this report details the offerings open on July 1, 2025, excluding those from JioBlackRock in the primary list.
An NFO is the first subscription for a newly registered mutual fund scheme. During this period, investors can purchase units at an agreed price, typically Rs. 10, before the fund commences its investment activities in the market.
Identified NFOs Open for Subscription
Several NFOs from various fund houses are open on July 1, 2025. Below is a detailed breakdown of the confirmed offerings in a card format for easy comparison.
ICICI Prudential Nifty Private Bank Index Fund
- Fund House: ICICI Prudential MF
- Open Date: July 1, 2025
- Close Date: July 14, 2025
- Min. Investment: ₹ 1,000
- Focus: Mirrors Nifty Private Bank Index
360 ONE Overnight Fund
- Fund House: 360 ONE Mutual Fund
- Open Date: July 1, 2025
- Close Date: July 9, 2025
- Min. Investment: ₹ 5,000
- Focus: Low-risk, high-liquidity debt
ICICI Prudential Nifty India Digital Fund
- Fund House: ICICI Prudential MF
- Open Date: June 27, 2025
- Close Date: July 11, 2025
- Min. Investment: Not Specified
- Focus: EVs, AI, Biotech, Renewables
HDFC Innovation Fund
- Fund House: HDFC Mutual Fund
- Open Date: June 27, 2025
- Close Date: July 11, 2025
- Min. Investment: Not Specified
- Focus: Innovative tech companies
Mahindra Manulife Banking & Financial Services Fund
- Fund House: Mahindra Manulife MF
- Open Date: June 27, 2025
- Close Date: (Likely July 11)
- Min. Investment: Not Specified
- Focus: Banking & Financial sector
Trust Multicap Fund
- Fund House: Trust Mutual Fund
- Open Date: June 30, 2025
- Close Date: July 14, 2025
- Min. Investment: Not Specified
- Focus: Diversified large, mid, small-cap
Other funds are opening shortly after July 1, such as the Groww Nifty 50 ETF and Index Fund (opening July 2) or the Sundaram MultiFactor Fund (opening July 2). However, these are not open for subscription on the specified date of July 1, 2025.
Featured NFO: Detailed Overview
JioBlackRock Liquid Fund (Debt Scheme)
Open-ended liquid scheme with low interest and credit risk.
Pricing & Timeline
| Open Date | June 30, 2025 |
| Close Date | July 14, 2025 |
| Offer Price | ₹ 1,000 / unit |
Minimum Planning & Application
- Lump Sum/Switch: ₹ 500 and above
- SIP: ₹ 500 and above
- Plan: Direct Plan only
- Option: Growth Option only
Investment Objective & Risk
The fund aims to produce consistent revenue by investing in money-market and debt securities with a remaining maturity of up to 91 days.
- Risk-o-meter: Fairly Low (Class A-I)
- Benchmark: Nifty Liquid Index A-I (Total Return)
- Liquidity: Redemption proceeds within 3 business days.
Special Facilities
Exit Load
An exit load is applicable on a sliding scale for redemptions within the first 6 days. There is no exit load after Day 7.
| Day | Load |
|---|---|
| Day 1 | 0.0070% |
| Day 2 | 0.0065% |
| Day 3 | 0.0060% |
| Day 4 | 0.0055% |
| Day 5 | 0.0050% |
| Day 6 | 0.0045% |
| Day 7 onwards | Nil |
Application Instructions
- Physical: Forms issued at AMFI-registered OPAs or can be downloaded at www.jioblackrockamc.com
- Online/ASBA: Available through Self-Certified Syndicate Banks (SCSBs) to block the amount until allotment.
Visual Insights & Comparisons
The following charts provide a visual comparison of key metrics for the new fund offers.