List of Upcoming NFOs in August 2026
Key takeaways
- August 2026 features equity ETFs, index funds, debt funds and fund of funds.
- Several NFOs focus on sectors such as oil and gas, metals and banking.
- Most equity-oriented schemes carry a Very High Risk rating.
- Minimum investments range from ₹100 to ₹5,000 among the listed schemes.
- Some NFOs launched in July remain open for subscription in August.
- Investors should compare objectives, risks and investment horizons before investing.
August 2026 brings a fresh set of New Fund Offers (NFOs) across equity, debt, index and fund-of-funds categories. The lineup includes sector-focused ETFs targeting oil and gas and metals, passive funds tracking major market indices, and schemes offering diversified exposure across market capitalisations.
Some NFOs launched in July also remain open during August, giving investors additional opportunities to subscribe. However, each scheme comes with a different investment objective, risk profile, subscription window and minimum investment requirement.
This article covers the upcoming and ongoing NFOs in August 2026, along with their key features, to help investors compare the available options before making an investment decision.
What is an NFO?
A New Fund Offer (NFO) is the initial subscription period during which an asset management company offers units of a newly launched mutual fund scheme to investors. NFOs can be introduced across categories such as equity, debt, index funds, ETFs and fund of funds, depending on the scheme's investment strategy.
One benefit of investing in an NFO is access to a new investment strategy or market theme from the beginning. Investors can also choose from schemes designed for different objectives, such as long-term capital appreciation, short-term returns, sector exposure or diversified asset allocation. NFOs may also provide a relatively low minimum investment requirement, depending on the scheme.
However, investors should not choose a fund simply because it is new. The scheme's investment objective, underlying assets, risk level, costs and investment horizon should be evaluated before subscribing.
Upcoming NFOs in August 2026
August 2026 brings a mix of equity ETFs, index funds, short-duration debt funds and fund of funds across different risk categories. Investors can compare the schemes below based on their investment category, subscription window and minimum investment requirement before exploring their individual strategies and features.
Brief overview of upcoming NFOs in August 2026
The upcoming NFOs differ significantly in their underlying strategies, from sector-focused exposure to banking, metals and oil and gas to diversified equity, liquid funds and real estate-linked indices. Here is a closer look at what each scheme aims to achieve, along with its key investment and subscription details.
Motilal Oswal Nifty Oil & Gas ETF
Motilal Oswal Nifty Oil & Gas ETF seeks to deliver returns closely matching the Nifty Oil & Gas Total Return Index, before expenses and subject to tracking error. The open-ended equity scheme carries a Very High Risk rating and opened on August 3, 2026. Its NFO closes on August 3, 2026, which is the same day of opening. Managed by Mr. Swapnil Mayekar, Mr. Rakesh Shetty and Mr. Dishant Mehta. It requires a minimum investment of ₹10 and has no exit load.
Motilal Oswal Nifty Metal ETF
Investors seeking passive exposure to the metals segment can consider Motilal Oswal Nifty Metal ETF, which aims to track the Nifty Metal Index's total returns before expenses and subject to tracking error. The open-ended equity scheme carries a Very High Risk rating. It opened on August 3, 2026, and closes on August 6, 2026. Managed by Mr. Swapnil Mayekar, Mr. Rakesh Shetty and Mr. Dishant Mehta. It requires a minimum investment of ₹10 and has no exit load.
Kotak Nifty Bank Index Fund Direct Growth
Kotak Nifty Bank Index Fund focuses on passive exposure to banking stocks by replicating the Nifty Bank Index, subject to tracking error. The open-ended equity index fund carries a Very High Risk rating and opened for subscription on August 3, 2026. Investors can subscribe until August 17, 2026, with a minimum investment of ₹1,000. Abhishek Bisen, Jeetu Sonar and Satish Dondapati manage the scheme, which has no exit load.
AlphaGrep Liquid Omni FOF Direct Growth
AlphaGrep Liquid Omni FOF aims to provide liquidity and reasonable returns with relatively lower risk by investing across active and passive liquid schemes. The open-ended fund of funds carries a Moderate Risk rating and opened on August 4, 2026. The NFO closes on August 6, 2026. Managed by Ashish Jain, it requires a minimum investment of ₹500 and has an exit load of 0.007%.
JioBlackRock Nifty 50 ETF
JioBlackRock Nifty 50 ETF is designed to mirror the Nifty 50 Index by investing passively in its constituent equity and equity-related securities, subject to tracking errors. The open-ended scheme carries a Very High Risk rating and opened for subscription on August 4, 2026. The NFO closes on August 11, 2026. Anand Shah, Haresh Mehta and Tanvi Kacheria manage the fund, which has no entry or exit load.
Franklin India Short Term Fund Direct Growth
Franklin India Short Term Fund aims to generate optimal short-term returns through a diversified portfolio of debt and money market securities. This open-ended short-duration fund carries a Moderate Risk rating and opened on August 5, 2026. The NFO remains open until August 11, 2026. Managed by Anuj Tagra, Rahul Goswami and Rohan Maru, the fund requires a minimum investment of ₹5,000 and has no exit load.
Kotak Diversified Equity All Cap Omni FOF Direct Growth
Kotak Diversified Equity All Cap Omni FOF seeks long-term capital appreciation by investing in equity-oriented schemes covering different market capitalisations. The open-ended fund of funds carries a Very High Risk rating and opened on August 5, 2026. The NFO closes on August 19, 2026, with a minimum investment of ₹1,000. Managed by Abhishek Bisen and Devender Singhal, the scheme does not charge an exit load.
Edelweiss Nifty REITs & Realty Index Fund Direct Growth
Edelweiss Nifty REITs & Realty Index Fund aims to generate returns in line with the Nifty REITs & Realty Total Return Index, subject to tracking errors. The open-ended equity index fund carries a Very High Risk rating and opened on August 5, 2026. The NFO closes on August 19, 2026. Managed by Bharat Lahoti and Manasi Jalgaonkar, it requires a minimum investment of ₹100 and has no exit load.
Magnum Equity Ex-Top 100 Long Short Fund
Magnum Equity Ex-Top 100 Long Short Fund is an open-ended equity scheme designed to invest beyond the top 100 companies, with a long-short strategy. The NFO is open from August 7 to August 20, 2026, with a minimum lump-sum investment of ₹10 lakh and an SIP option of ₹10,000. Managed by Gaurav Mehta, the fund carries a Moderate Risk rating, benchmarks the BSE 500 Total Return and has a 1% exit load.
Axis Nifty Energy Index Fund
Axis Nifty Energy Index Fund is an open-ended index fund that aims to track the Nifty Energy Total Return Index. The NFO is open for subscription from August 7 to August 21, 2026, with a minimum lump-sum and SIP investment of ₹100. Managed by Nandik Mallik and Rohit Gautam, the scheme carries a Very High Risk rating and has an exit load of 0.25%.
DSP Nifty 10 yr Benchmark G-Sec ETF
DSP Nifty 10 yr Benchmark G-Sec ETF aims to track the Nifty 10 yr Benchmark G-Sec Index and generate returns corresponding to its performance, before fees and expenses and subject to tracking error. The open-ended ETF opens for subscription on August 10, 2026, and closes on August 12, 2026. Managed by Anil Ghelani and Diipesh Shah, it carries a Moderate Risk rating and requires a minimum investment of ₹5,000.
WhiteOak Capital Dividend Yield Fund
WhiteOak Capital Dividend Yield Fund seeks long-term capital appreciation and regular income by investing predominantly in a diversified portfolio of equity and equity-related instruments of dividend-yielding companies. The open-ended fund opens for subscription on August 10, 2026, and closes on August 24, 2026. Managed by Ramesh Mantri, Trupti Agarwal and Dheeresh Pathak, it carries a Very High Risk rating and requires a minimum investment of ₹500.
Bandhan Contra Fund
Bandhan Contra Fund follows a contrarian investment strategy, aiming to generate capital appreciation through a diversified portfolio of equity and equity-related instruments. The open-ended scheme is available for subscription from August 10 to August 24, 2026, with a minimum investment of ₹1,000 and SIP starting at ₹100. Managed by Prateek Poddar, Harshal Joshi and Maneesh Gunwani, it carries a Very High Risk rating and charges a 0.5% exit load.
Apex Equity Long-Short Fund
Apex Equity Long-Short Fund aims to generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments, with limited short exposure through derivatives. The open-ended SIF NFO will remain open from August 10 to August 24, 2026. Managed by Manish Gupta and Harshil Suvarnkar, the scheme carries a Moderate Risk rating, requires a minimum investment of ₹10 lakh, allows ₹10,000 SIPs and charges a 1% exit load.
Apex Equity Ex-Top 100 Long-Short Fund
Focusing on companies outside the top 100, Apex Equity Ex-Top 100 Long-Short Fund seeks long-term capital appreciation through equity and equity-related securities, with the strategy also allowing derivative positions and short exposure. The NFO opens on August 10, 2026, and closes on August 24, 2026. The fund carries a Moderate Risk rating, which is managed by Manish Gupta and Harshil Suvarnkar and requires ₹10 lakh as the minimum investment with a 1% exit load.
ASK Liquid Fund
ASK Liquid Fund is designed to generate regular income by investing in money market and debt instruments with residual maturities of up to 91 days. The open-ended liquid fund will be available from August 12 to August 25, 2026, with a minimum investment of ₹500. Managed by Dinesh Ahuja, it carries a Low to Moderate Risk rating and has an exit load of 0.007%.
ITI Multi Asset Allocation Fund
ITI Multi Asset Allocation Fund takes a diversified approach by investing across equity and equity-related securities, debt and money market instruments, Gold and Silver ETFs, and permitted exchange-traded commodity derivatives. The open-ended hybrid fund opens on August 17, 2026, and closes on August 31, 2026. Managed by Nilay Dalal and Laukik Bagwe, it carries a Very High Risk rating, requires ₹5,000 and charges a 0.50% exit load.
Ongoing NFOs in August 2026
Some NFOs launched in late July will continue to remain open for subscription during August, giving investors additional time to evaluate their strategies before the closing date. The ongoing offerings include a momentum-focused mid-cap ETF fund of funds and two passive schemes tracking major Indian market indices.
Brief overview of ongoing NFOs in August 2026
These schemes provide exposure to different segments of the market, from momentum-oriented mid-cap stocks to banking and large-cap equities. The following overview highlights the investment objective, subscription window and other important details investors should consider before subscribing.
HDFC Nifty Metal ETF FOF
HDFC Nifty Metal ETF FOF aims to provide returns corresponding to the Nifty Metal Total Return Index by investing through a fund-of-funds structure. The open-ended scheme is available from July 20 to August 3, 2026, with a minimum lump-sum and SIP investment of ₹100. Managed by Nandita Menezes and Arun Agarwal, it carries a Very High Risk rating, benchmarks the Nifty Metal Total Return Index and charges a 1% exit load.
AlphaGrep Flexi Cap Fund
AlphaGrep Flexi Cap Fund aims to generate long-term capital appreciation by investing across market capitalisations. The open-ended equity scheme opened for subscription on July 21, 2026, and closes on August 4, 2026. Managed by Ravneet Singh, the fund carries a Very High Risk rating and benchmarks the Nifty 500 Total Return Index. Investors can start with ₹500 through lump-sum or SIP investments, while a 1% exit load applies.
SBI Nifty Midcap 150 Momentum 50 ETF FOF
SBI Nifty Midcap 150 Momentum 50 ETF FOF aims to provide returns that closely correspond to those generated by the SBI Nifty Midcap 150 Momentum 50 ETF. It is an open-ended fund of funds opened on July 27, 2026, and closes on August 5, 2026. Investors can subscribe with a minimum investment of ₹5,000. The fund is managed by Mr. Viral Chhadva.
Invesco India Nifty Bank ETF
Invesco India Nifty Bank ETF offers passive exposure by replicating the BSE Sensex Index, subject to tracking errors. The scheme follows a growth option and carries a Very High Risk rating. The NFO opened on July 28, 2026, and closes on August 11, 2026. Managed by Abhisek Bahinipati, it has no entry or exit load.
Invesco India BSE Sensex ETF
Invesco India BSE Sensex ETF aims to provide passive exposure to the Nifty Bank Index by replicating its composition, subject to tracking errors. The open-ended growth scheme carries a Very High Risk rating. Managed by Abhisek Bahinipati, the NFO opened on July 28, 2026, and closes on August 11, 2026. It has no entry or exit load.
Final words
August NFO calendar gives investors several ways to access specific market themes and investment strategies. Sectoral offerings can provide targeted exposure, while index funds and ETFs follow predefined benchmarks without relying on active stock selection.
Debt-oriented and fund-of-funds schemes offer different approaches to managing portfolio exposure and risk. Before subscribing, investors should look beyond the NFO price and examine the scheme's underlying assets, risk level, costs and exit conditions.
The right choice ultimately depends on how well the fund fits an investor's existing portfolio, financial objectives and ability to handle market fluctuations.
