List of Mutual Funds (NFOs) & ETFs live for investors in July 2026
Key takeaways
- July 2026 saw a diverse range of NFO launches, including flexi-cap, mid-cap, hybrid, multi-asset, index funds, and sector-focused ETFs.
- Minimum investment amounts varied, ranging from ₹100 for some schemes to ₹5 crore for institutional ETF offerings.
- Most newly launched funds carried a High or Very High risk rating, making them more suitable for investors with a higher risk appetite.
- Each NFO differs in its investment objective, exit load, and fund strategy, so comparing these factors is essential before investing.
- You can invest in NFOs and ETFs online through platforms like Dhan, making the subscription process fast, convenient, and completely paperless.
Every month, mutual fund houses introduce new investment opportunities, but not every New Fund Offer (NFO) deserves your attention. July 2026 saw a diverse lineup of launches, ranging from flexi-cap, hybrid, and mid-cap funds to sector-specific ETFs and passive index funds.
While some schemes target long-term wealth creation through active management, others offer low-cost exposure to benchmark indices and thematic sectors. With so many options available, comparing launch dates, categories, minimum investment amounts, and key features can become challenging.
This guide brings together all the mutual fund NFOs and ETFs that were live during July 2026 in one place.
What are NFOs or ETFs?
A New Fund Offer (NFO) is the first subscription period of a newly launched mutual fund scheme. During this period, investors can purchase units before the fund becomes available for regular investments. NFOs are offered across different categories, such as equity, debt, hybrid, index, and fund of funds.
An Exchange Traded Fund (ETF) is a market-traded investment fund that tracks an index, sector, commodity, or basket of securities. ETFs are bought and sold on stock exchanges throughout the trading day, just like shares. They generally have lower expense ratios and offer a simple way to gain diversified market exposure.
List of NFOs live in July 2026
The table below lists all non-ETF New Fund Offers (NFOs) that were live during July 2026, along with their category, subscription period, and minimum investment amount.
Note: AUM of the NFOs are mentioned as of 15 July 2026.
Detailed overview of July 2026 NFOs
Here's a quick look at what each fund offers, who it may be suitable for, and the key details you should know before investing.
1. HDFC Nifty Auto Index Fund
HDFC Nifty Auto Index Fund is an open-ended index fund that passively tracks the Nifty Auto Index (TRI) by investing in its constituent stocks, subject to tracking error.
Managed by Arun Agarwal and Nandita Menezes, the scheme carries a Very High risk rating, requires a minimum investment of ₹100, has an AUM of ₹9,21,220.01 crore, and does not charge any exit load.
2. Choice Overnight Fund
Choice Overnight Fund is an open-ended overnight fund that aims to generate low-risk returns with high liquidity by investing primarily in overnight securities with a maturity of 1 business day.
Managed by Rochan Pattnayak, the fund carries a low-risk rating, requires a minimum investment of ₹1,000, has an AUM of ₹35.52 Cr and does not charge any exit load.
3. Tata Multi Sector Passive FoF
Tata Multi Sector Passive FoF is an open-ended fund of funds designed for long-term capital appreciation through diversified exposure to sector-based passive funds. Managed by Rahul Singh and Nikunj Singhal, it carries a Very High risk rating and was launched with an NAV of ₹10. The fund has an AUM of ₹209,374.5 Cr.
4. Zerodha Life Cycle Fund 2041
Zerodha Life Cycle Fund 2041 is a goal-based investment solution designed for long-term wealth creation. The fund invests across equity, debt, InvITs, ETCDs, and Gold/Silver ETFs to provide diversified exposure. Managed by Kedarnath Mirajkar, it carries a Very High risk rating and was launched with an NAV of ₹10. The fund has an AUM of ₹2,668.27 Cr.
5. JM Multi Asset Allocation Fund
JM Multi-Asset Allocation Fund is an open-ended hybrid scheme that aims to provide diversified exposure across multiple asset classes. Managed by Asit Bhandarkar, it carries a high-risk rating and was launched with an NAV of ₹10.
The fund has an AUM of ₹19,772 crore. It requires a minimum investment of ₹5,000, allows SIPs from ₹1,000, and charges an exit load of 1% if redeemed within 60 days.
6. ICICI Prudential Balanced Hybrid Fund
ICICI Prudential Balanced Hybrid Fund is an open-ended balanced hybrid scheme that seeks capital appreciation and income by investing in a mix of equity and debt instruments. This fund carries a high-risk rating and was launched with an NAV of ₹10.
The fund has an AUM of ₹1,034,467.46 Cr and charges an exit load of 1% on redemptions exceeding 30% within 1 year of allotment.
7. ICICI Prudential Multi-Asset Active FoF
ICICI Prudential Multi-Asset Active FoF is an open-ended fund of funds that invests primarily in active equity-oriented schemes, debt-oriented schemes, and Gold ETFs/Silver ETFs to generate long-term capital appreciation.
The scheme carries a Very High risk rating and was launched with an NAV of ₹10, with the latest NAV at ₹10.00. The fund has an AUM of ₹1,034,467.46 Cr.
8. SBI CRISIL IBX SDL Index June 2034 Index Fund
SBI CRISIL IBX SDL Index June 2034 Index Fund is designed for investors seeking predictable fixed-income exposure through State Development Loans (SDLs). The scheme tracks the CRISIL IBX SDL Index June 2034, carries a Moderate risk rating, and is managed by Rajeev Radhakrishnan. It has an AUM of ₹9,22,067.89 crore and requires a minimum investment of ₹5,000.
8. Summit Equity Long-Short Fund
Summit Equity Long-Short Fund aims to generate long-term capital appreciation by investing primarily in equity and equity-related instruments. Managed by Hiten Jain, it carries a High risk rating and was launched with an NAV of ₹10.
The scheme currently has ₹151,898.23 Cr AUM. It requires a minimum lump sum investment of ₹10 lakh, allows SIPs from ₹1,000, and charges an exit load of 0.50% if redeemed within 3 months.
9. Axis Nifty50 Equal Weight Index Fund
Axis Nifty50 Equal Weight Index Fund is an open-ended index scheme that tracks the Nifty50 Equal Weight TRI, assigning around 2% weight to each of the 50 constituent stocks.
Managed by Rohit Gautam and Nandik Mallik, the scheme requires a minimum investment of ₹100, allows SIPs from ₹100, and charges an exit load of 0.25% if redeemed within 15 days of allotment.
10. Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund is an open-ended index scheme that tracks the BSE Midcap 150 Momentum 30 Index, providing passive exposure to 30 momentum-based stocks selected from the BSE Midcap 150 Index.
The fund is managed by Dishant Mehta, Rakesh Shetty, and Swapnil Mayekar; it carries a Very High risk rating and charges an exit load of 1% if redeemed within 15 days of allotment.
11. TRUSTMF Large & Mid Cap Fund
TRUSTMF Large & Mid Cap Fund aims to generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments. Managed by Aakash Manghani, Mihir Vora, and Saurabh Kataria, the scheme carries a Very High risk rating.
It requires a minimum investment of ₹1,000 and charges an exit load of 1% if redeemed within 180 days, with no exit load thereafter.
12. Aditya Birla Sun Life Fixed Maturity Plan – Series VA (821 Days)
With a maturity period of 821 days, the Aditya Birla Sun Life Fixed Maturity Plan – Series VA (821 Days) is designed for investors seeking income through a portfolio of fixed-income securities that mature on or before the scheme's tenure.
Managed by Mohit Sharma, the closed-ended fund carries a Moderate risk rating. It has an AUM of ₹4,21,875.63 crore. It requires a minimum investment of ₹1,000, and does not charge any exit load.
13. AlphaGrep Multi Asset Allocation Fund
The AlphaGrep Multi Asset Allocation Fund invests in a mix of equity, debt and money market instruments, Gold/Silver ETFs, other permitted commodity ETFs, and exchange-traded commodity derivatives to pursue long-term capital appreciation.
It is managed by Ravneet Singh; the scheme carries a Very High risk rating and charges an exit load of 1% if units are redeemed within 15 days, with no exit load thereafter.
14. Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF
Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF is an open-ended fund of funds that aims to provide long-term capital appreciation by investing in units of the Mirae Asset BSE Midcap 150 Momentum 30 ETF.
Managed by Ekta Gala and Vishal Singh, the scheme carries a Very High risk rating, requires a minimum investment of ₹5,000, has an AUM of ₹2,09,450.85 crore, and charges an exit load of 0.05% if units are redeemed within 15 days.
15. Prism Hybrid Long Short Fund
Prism Hybrid Long Short Fund is an interval hybrid scheme that invests across equity, debt, money market instruments, and derivative-based strategies. Managed by Siddharth Deb, it carries a high-risk rating and was launched with an NAV of ₹10.
The scheme currently has no reported AUM, requires a minimum lump sum investment of ₹10 lakh, and allows SIPs from ₹10,000.
16. Mirae Asset Nifty200 Momentum 30 Plus 8–13yr G-Sec 75:25 Index Fund
Combining a momentum-based equity strategy with government securities, the Mirae Asset Nifty200 Momentum 30 Plus 8–13yr G-Sec 75:25 Index Fund offers a 75:25 allocation between the Nifty200 Momentum 30 Index and 8–13-year G-Secs.
Managed by Ekta Gala and Pranavi Kulkarni, the scheme carries a high-risk rating and has an AUM of ₹2,09,450.85 crore. It requires a minimum investment of ₹5,000 and does not charge any exit load.
17. NJ Momentum Fund
NJ Momentum Fund seeks long-term capital growth by investing primarily in equity and equity-related instruments of companies showing strong price momentum.
Managed by Dhaval Patel and Viral Shah, the scheme carries a Very High risk rating, requires a minimum investment of ₹500, and does not charge any exit load, allowing investors to redeem units without exit fees.
18. NJ Value Fund
NJ Value Fund follows a value investing strategy by identifying fundamentally strong companies trading below their intrinsic value. Managed by Dhaval Patel and Viral Shah, the scheme aims to support long-term wealth creation through undervalued equities.
It carries a Very High risk rating, requires a minimum investment of ₹500, and does not levy any exit load.
19. Baroda BNP Paribas Services Fund
India's expanding services sector is the core theme behind the Baroda BNP Paribas Services Fund, which actively invests in equity and equity-related securities of service-oriented companies. It carries a Very High risk rating.
The scheme has an AUM of ₹48,679.45 crore. It charges an exit load of 1% on redemptions exceeding 10% of the investment within 1 year, with no exit load thereafter.
20. Abakkus Large & Mid Cap Fund
Abakkus Large & Mid Cap Fund aims to generate long-term capital appreciation by investing primarily in equity and equity-related instruments of large-cap and mid-cap companies. The fund is managed by Abhishek Krishnaswami Srinivas and Pratish Krishnan; the scheme carries a Very High risk rating and was launched with an NAV of ₹10.00.
It has an AUM of ₹7,182 crore and allows SIPs from ₹500, and charges an exit load of 1% if redeemed within 6 months.
21. The Wealth Company Mid Cap Fund
The Wealth Company Mid Cap Fund aims to provide long-term capital appreciation by investing predominantly in mid-cap companies. Managed by Aparna Shanker and Saloni Kapadia, the scheme was launched with an NAV of ₹10.00 and currently has an AUM of ₹1,439.26 Cr.
It allows SIPs from ₹250 and charges an exit load of 1% if units are redeemed within 180 days.
22. AlphaGrep Flexi Cap Fund
AlphaGrep Flexi Cap Fund seeks to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalisations. Managed by Ravneet Singh, the scheme was launched with an NAV of ₹10.00 and currently has no reported AUM.
AlphaGrep Flexi Cap Fund requires a minimum investment of ₹500, allows SIPs from ₹500, and charges an exit load of 1% if units are redeemed within 15 days.
List of ETFs live in July 2026
The table below highlights all ETF New Fund Offers (NFOs) that were open for subscription during July 2026, including both equity ETFs and ETF fund of funds. It covers key details such as the subscription period, ETF category, and minimum investment amount to help investors compare the available offerings.
Note: The AUM of the ETFs are mentioned as of 15 July 2026.
Detailed overview of July 2026 ETFs
Here's a quick look at what each ETF offers, who it may be suitable for, and the key details you should know before investing.
1. Mirae Asset BSE Midcap 150 Momentum 30 ETF
Mirae Asset BSE Midcap 150 Momentum 30 ETF is an open-ended equity ETF that aims to track the BSE Midcap 150 Momentum 30 Total Return Index, subject to tracking error.
Managed by Ekta Gala and Vishal Singh, the scheme carries a Very High risk rating, has an AUM of ₹2,09,450.85 crore, charges no exit load, and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
2. UTI Nifty 1D Rate Liquid ETF
UTI Nifty 1D Rate Liquid ETF is an open-ended fixed-income ETF that aims to provide returns corresponding to the Nifty 1D Rate Index, subject to tracking error. Managed by Jaydeep Bhowal, the scheme carries a Low risk rating and has an AUM of ₹2,89,557.17 crore. It does not charge any exit load, but ₹5,000 is the minimum investment amount.
3. Kotak Nifty Private Bank ETF
Kotak Nifty Private Bank ETF is an open-ended sectoral equity ETF that aims to generate returns corresponding to its underlying Nifty Private Bank Index, subject to tracking error. Managed by Abhishek Bisen, Jeetu Sonar, and Satish Dondapati, the scheme carries a Very High risk rating and has an AUM of ₹5,72,930.33 crore.
4. Bajaj Finserv BSE Top 10 Banks ETF
Bajaj Finserv BSE Top 10 Banks ETF is an open-ended sectoral equity ETF that aims to generate returns corresponding to the BSE Top 10 Banks Index, subject to tracking error. Managed by Ilesh Savla, the scheme carries a Very High risk rating. It has an AUM of ₹31,891.21 crore, and ₹500 is the minimum investment amount.
5. Edelweiss Nifty Metal ETF
Edelweiss Nifty Metal ETF is an open-ended equity ETF that aims to generate returns in line with the Nifty Metal Total Return Index, subject to tracking error. Managed by Bhavesh Jain and Manasi Jalgaonkar, the scheme carries a Very High risk rating and has an AUM of ₹1,37,821.19 crore.
6. Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Direct Growth
It is an open-ended fund of funds that aims to provide long-term capital appreciation by investing in units of the Mirae Asset BSE Midcap 150 Momentum 30 ETF. Managed by Ekta Gala and Vishal Singh, the scheme carries a Very High risk rating, has an AUM of ₹2,09,450.85 crore and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
7. Groww Nifty Cements ETF
Targeting India's cement industry, the Groww Nifty Cements ETF passively tracks the Nifty Cements Index by investing in its constituent stocks in the same proportion, aiming to deliver long-term capital growth while closely matching the index's performance.
The ETF is managed by Aakash Chauhan, Nikhil Satam, and Shashi Kumar. It carries a Very High risk rating and has an AUM of ₹3,984.72 crore.
8. Mirae Asset Nifty200 Momentum 30 Plus 8–13 yr G-Sec 50:50 ETF
Balancing growth potential with relative stability, the Mirae Asset Nifty200 Momentum 30 Plus 8–13 yr G-Sec 50:50 ETF combines a 50:50 allocation between the Nifty200 Momentum 30 Index and 8–13 year Government Securities.
Managed by Ekta Gala and Pranavi Kulkarni, the ETF carries a high-risk rating. It has an AUM of ₹2,09,450.85 crore.
9. HDFC Nifty Metal ETF
It is an open-ended equity ETF that aims to generate returns, before fees and expenses, in line with the Nifty Metal Total Return Index (TRI), subject to tracking error. Managed by Abhishek Mor and Arun Agarwal, the scheme carries a Very High risk rating, has an AUM of ₹9,21,220.01 crore, charges no exit load, and was launched at an NFO price of ₹124.88 per unit with a minimum investment of ₹500.
10. ICICI Prudential BSE Insurance ETF
Tracking the performance of the BSE Insurance Index, the ICICI Prudential BSE Insurance ETF offers passive exposure to India's insurance sector while aiming to deliver returns in line with its benchmark, subject to tracking error.
Managed by Ashwini Bharucha, Nishit Patel, and Venus Ahuja, the ETF carries a Very High risk rating and has an AUM of ₹10,34,467.46 crore.
11. The Edelweiss BSE LargeMid (60:40) Stable Dividend 50 ETF
It is an open-ended equity ETF that aims to generate returns in line with the BSE LargeMid (60:40) Stable Dividend 50 Total Return Index, subject to tracking error. Managed by Bhavesh Jain and Manasi Jalgaonkar, the scheme carries a Very High risk rating, has an AUM of ₹1,37,821.19 crore, charges no exit load, and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
12. DSP BSE MidSmall Private Banks ETF
DSP BSE MidSmall Private Banks ETF is an open-ended equity ETF that aims to generate returns in line with the BSE MidSmall Private Banks Index, subject to tracking error. Managed by Anil Ghelani, Diipesh Shah, and Neha Rathi, the scheme carries a Very High risk rating, has an AUM of ₹2,20,971.95 crore, charges no exit load, and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
13. Edelweiss BSE Top 10 Bank ETF
Edelweiss BSE Top 10 Bank ETF is an open-ended equity ETF that aims to generate returns in line with the BSE Top 10 Bank Total Return Index, subject to tracking error. Managed by Bhavesh Jain and Manasi Jalgaonkar, the scheme carries a Very High risk rating, has an AUM of ₹1,37,821.19 crore, charges no exit load, and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
14. HDFC Nifty Metal ETF FoF
HDFC Nifty Metal ETF FoF seeks to generate returns by investing in units of the HDFC Nifty Metal ETF. Managed by Nandita Menezes and Arun Agarwal, the scheme was launched with an NAV of ₹10.00 and has an AUM of ₹9,21,220.01 crore.
This Metal ETF requires a minimum investment of ₹100, allows SIPs from ₹100, and charges an exit load of 1% if units are redeemed within 15 days.
15. SBI Nifty Midcap 150 Momentum 50 ETF FoF
SBI Nifty Midcap 150 Momentum 50 ETF FOF Direct Growth is an open-ended fund of funds that aims to provide returns in line with the SBI Nifty Midcap 150 Momentum 50 ETF. Managed by Viral Chhadva, the scheme carries a Very High risk rating, has an AUM of ₹9,22,067.89 crore, charges an exit load of 1%, and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
16. Invesco India BSE Sensex ETF
Invesco India BSE Sensex ETF is an open-ended equity ETF that seeks to replicate the performance of the BSE Sensex Index through passive investments in equity and equity-related securities, subject to tracking error.
Managed by Abhisek Bahinipati, has an AUM of ₹1,51,898.23 crore and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
17. Invesco India Nifty Bank ETF
Invesco India Nifty Bank ETF is an open-ended equity ETF that aims to replicate and track the Nifty Bank Index, offering passive exposure to India's leading banking stocks. The NFO opened on 28 July 2026 and closes on 11 August 2026.
Managed by Abhisek Bahinipati, has an AUM of ₹1,51,898.23 crore and was launched at an NFO price of ₹10 per unit with a minimum investment of ₹5,000.
How to invest in these NFOs & ETFs through Dhan?
Investing in New Fund Offers (NFOs) and ETFs through Dhan is a quick and completely paperless process. Follow these simple steps:
- Log in to your Dhan account using your PIN or biometric authentication.
- Navigate to the Mutual Funds section and open the New Fund Offers (NFOs) tab. If you want to invest in an ETF, use the search bar to find it by name.
- Select the scheme and review important details, including its investment objective, minimum investment amount, and other key information.
- Click Invest Now, enter your investment amount, choose a lump sum or SIP (if available), and complete the payment using UPI or Net Banking.
- Once your transaction is successfully processed, the allotted units will be reflected in your Dhan portfolio.
Final words
July 2026 NFO season offered investors access to a wide range of investment opportunities, from actively managed equity and hybrid funds to low-cost passive ETFs tracking popular market indices.
Each scheme comes with its own investment objective, risk profile, minimum investment requirement, and exit load, making careful comparison essential before investing.
Rather than choosing an NFO simply because it is new, focus on whether its strategy aligns with your financial goals, investment horizon, and risk tolerance.
