Upcoming NFOs in July '26
Key takeaways
- July 2026 has a wide range of NFOs across index funds, multi-asset funds, hybrid funds, equity funds and fund of funds.
- Zerodha, Tata, JM Financial, ICICI Prudential, Axis, TRUSTMF, Motilal Oswal and NJ Mutual Fund have NFOs featured in the July calendar.
- Minimum investment amounts for the mutual fund NFOs covered range from ₹100 to ₹5,000, depending on the scheme.
- July also has two SIF NFOs featuring long-short investment strategies, with a minimum lump-sum investment requirement of ₹10 lakh.
- Before investing in an NFO, investors should check the fund's investment objective, strategy, risk level and suitability instead of focusing only on the ₹10 launch NAV.
Mutual funds’ New Fund Offers (NFOs) give investors a chance to invest in recently introduced schemes before they become accessible for regular subscriptions.
To meet diverse investing goals and risk profiles, asset management companies launch monthly NFOs across sectors, such as equity, hybrid, debt, index funds, exchange-traded funds (ETFs), and fund of funds (FoFs).
From passive index funds and multi-asset allocation schemes to long-short strategies and balanced hybrid funds, numerous NFOs are debuting in July 2026.
Although buying an NFO might provide access to fresh investing ideas and strategies, before committing to an investment, investors should critically analyse the fund's objective, portfolio approach, risk level, and suitability.
What is an NFO, and how is an NFO different from an IPO?
A New Fund Offer (NFO) is the first subscription period during which a mutual fund launches a new scheme and offers its units to investors. It typically launches at an initial price of ₹10 per unit. It usually starts at ₹10 per unit. The collected money is next put to use in line with the fund's declared goal, which could be equities, debt, hybrids, or index-based investments.
Conversely, an IPO is the process whereby a private company offers its shares to the public and gets listed on a stock exchange.
IPO investors become shareholders in the company, whereas NFO investors own units of a mutual fund that is managed by professional fund managers.
While IPO returns depend on the performance of a single company, NFO returns are linked to the performance of the underlying portfolio created by the mutual fund.
Upcoming Mutual Fund NFOs in July 2026
Several asset management companies (AMCs) have launched new fund offers (NFOs) across categories, including index funds, hybrid funds, fund of funds (FoFs), and multi-asset allocation schemes.
The following table highlights the key details of the latest mutual fund NFOs, including their subscription period, category, and minimum investment amount to help investors compare the available options at a glance.
Zerodha Life Cycle Fund 2041
Zerodha Mutual Fund has launched the Zerodha Life Cycle Fund 2041. It is launched to provide a goal-based investment solution for long-term wealth creation. The scheme seeks to generate long-term capital appreciation by investing across multiple asset classes, including equity, debt, InvITs, ETCDs, and Gold/Silver ETFs.
Managed by Kedarnath Mirajkar, the fund carries a Very High risk rating and has been launched with an NAV of ₹10. It has a reported Asset Under Management (AUM) of ₹16,058 crore, and levies an exit load of 3% within one year, 2% after one year but within two years, and 1% after two years but within three years.
Zerodha Life Cycle Fund 2041 Details
- Open Date: June 19, 2026
- Close Date: July 7, 2026
- Category: Multi-Asset Allocation Fund
- Minimum Investment: ₹100
- Fund Type: Open-ended Hybrid Scheme
Zerodha Life Cycle Fund 2036
Zerodha Mutual Fund has launched the Zerodha Life Cycle Fund 2036, an open-ended multi-asset allocation scheme. The scheme seeks to generate long-term capital appreciation by investing across multiple asset classes, including equity, debt, InvITs, ETCDs, and Gold and Silver ETFs.
Managed by Kedarnath Mirajkar, the fund carries a Very High risk rating and has been launched with an NAV of ₹10. It has a reported Asset Under Management (AUM) of ₹16,058 crore, and charges an exit load of 3% if redeemed within one year, 2% after one year but within two years, and 1% after two years but within three years.
Zerodha Life Cycle Fund 2036 Details
- Open Date: June 19, 2026
- Close Date: July 7, 2026
- Category: Multi-Asset Allocation Fund
- Minimum Investment: ₹100
- Fund Type: Open-ended Hybrid Scheme
Tata Multi Sector Passive FoF
Tata Mutual Fund has launched the Tata Multi Sector Passive FoF, an open-ended fund of funds that seeks to generate long-term capital appreciation. Managed by Rahul Singh, the scheme offers investors diversified exposure to sector-based passive funds through a single investment.
The fund carries a Very High risk rating and has been launched with an NAV of ₹10, while the latest available NAV as of 22 June 2026 is ₹10.00. It has a reported Asset Under Management (AUM) of ₹2,25,507 crore with SIPs starting at ₹100.
Tata Multi-Sector Passive FoF Details
- Open Date: June 22, 2026
- Close Date: July 6, 2026
- Category: Fund of Funds (Domestic)
- Minimum Investment: ₹5,000
- Fund Type: Open-ended Fund of Funds (FoF)
JM Multi Asset Allocation Fund
JM Financial Mutual Fund has launched the JM Multi-Asset Allocation Fund. It is an open-ended hybrid. It is managed by Asit Bhandarkar. The scheme carries a high-risk rating and has been launched with an NAV of ₹10, while the latest available NAV as of 24 June 2026 is ₹10.00.
The fund has a reported Asset Under Management (AUM) of ₹13,064 crore, requires a minimum investment of ₹5,000, allows SIPs from ₹1,000, and charges an exit load of 1% if units are redeemed within 60 days.
JM Multi-Asset Allocation Fund Details
- Open Date: June 24, 2026
- Close Date: July 8, 2026
- Category: Multi-Asset Allocation Fund
- Minimum Investment: ₹5,000
- Fund Type: Open-ended Hybrid Scheme
ICICI Prudential Balanced Hybrid Fund
ICICI Prudential Mutual Fund has launched the ICICI Prudential Balanced Hybrid Fund. It is an open-ended, balanced hybrid scheme that aims to provide capital appreciation and income by investing in a mix of equity and debt instruments.
Managed by Manish Banthia, the fund carries a high-risk rating and has been launched with an NAV of ₹10, while the latest available NAV as of 30 June 2026 is ₹10.00.
It has a reported Asset Under Management (AUM) of ₹11,18,142 crore, and charges an exit load of 1% on redemptions exceeding 30% of the investment if made within one year from the date of allotment.
ICICI Prudential Balanced Hybrid Fund Details
- Open Date: June 30, 2026
- Close Date: July 14, 2026
- Category: Balanced Hybrid Fund
- Minimum Investment: ₹500
- Fund Type: Open-ended Hybrid Scheme
ICICI Prudential Multi-Asset Active FoF
ICICI Prudential Mutual Fund has launched this Multi-Asset Active FoF. It is an open-ended fund of funds. The fund aims to generate capital appreciation by primarily investing in units of active equity-oriented schemes, debt-oriented schemes, and Gold ETFs/Silver ETFs.
The scheme carries a Very High risk rating and has been launched with an NAV of ₹10, while the latest available NAV as of 30 June 2026 is ₹10.00. It has a reported Asset Under Management (AUM) of ₹11,18,142 crore.
ICICI Prudential Multi-Asset Active FoF Details
- Open Date: June 30, 2026
- Close Date: July 14, 2026
- Category: Fund of Funds (Domestic)
- Minimum Investment: ₹1,000
- Fund Type: Open-ended Fund of Funds (FoF)
Axis Nifty50 Equal Weight Index Fund
Axis Mutual Fund has launched the Axis Nifty50 Equal Weight Index Fund, an open-ended index scheme that seeks to provide returns before expenses corresponding to the performance of the Nifty50 Equal Weight TRI, subject to tracking error.
Unlike a conventional market-cap weighted index fund, the scheme assigns an equal weight of around 2% to each of the 50 constituent stocks. Managed by Rohit Gautam and Nandik Mallik, the fund requires a minimum investment of ₹100, with SIPs starting from ₹100, and charges an exit load of 0.25% if units are redeemed or switched out within 15 days of allotment.
Axis Nifty50 Equal Weight Index Fund Details
- Open Date: July 3, 2026
- Close Date: July 17, 2026
- Category: Index Fund
- Minimum Investment: ₹100
- Fund Type: Open-ended Equity Scheme
TRUSTMF Large & Mid Cap Fund
TRUST Mutual Fund has launched the TRUSTMF Large & Mid Cap Fund. It aims to generate long-term capital appreciation through a diversified portfolio of equity and equity-related instruments. The fund is jointly managed by Aakash Manghani, Mihir Vora, and Saurabh Kataria and carries a Very High risk rating.
The scheme requires a minimum investment of ₹1,000 and charges an exit load of 1% if units are redeemed or switched out within 180 days from the date of allotment, while no exit load is applicable thereafter.
TRUSTMF Large & Mid Cap Fund Details
- Open Date: July 3, 2026
- Close Date: July 17, 2026
- Category: Large & Mid Cap Fund
- Minimum Investment: ₹1,000
- Fund Type: Open-ended Equity Scheme
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund
Motilal Oswal Mutual Fund has launched the Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund, an open-ended index scheme that seeks to provide returns, before expenses, corresponding to the total returns of the BSE Midcap 150 Momentum 30 Index.
The fund offers passive exposure to 30 momentum-driven stocks selected from the BSE Midcap 150 Index. Managed by Dishant Mehta, Rakesh Shetty, and Swapnil Mayekar, the scheme carries a Very High risk rating and charges an exit load of 1% if units are redeemed on or before 15 days from the date of allotment.
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Details
- Open Date: July 3, 2026
- Close Date: July 17, 2026
- Category: Index Fund
- Minimum Investment: ₹500
- Fund Type: Open-ended Equity Scheme
NJ Momentum Fund
NJ Mutual Fund debuted the NJ Momentum Fund. It seeks to create long-term capital growth mostly by buying equity and equity-related instruments of businesses with high price momentum.
Managed by Dhaval Patel and Viral Shah, the plan has a Very High risk level and calls for a minimum ₹500 starting investment. The fund doesn't charge exit loads, so investors can redeem their money without having to pay exit fees.
NJ Momentum Fund Details
- Open Date: July 10, 2026
- Close Date: July 24, 2026
- Category: Equity
- Minimum Investment: ₹500
- Fund Type: Open-ended Equity Scheme
NJ Value Fund
The debut of the NJ Value Fund helps NJ Mutual Fund to enter the value investing industry. Following a strict value-oriented investing approach, the plan will focus on identifying strong businesses trading below their intrinsic value.
Under the direction of Dhaval Patel and Viral Shah, the fund appeals to consumers hoping to help in long-term wealth building via underpriced equities. With a Very High risk level, a minimum investment of ₹500 is needed for the scheme and does not levy any exit load.
NJ Value Fund Details
- Open Date: July 10, 2026
- Close Date: July 24, 2026
- Category: Value Fund
- Minimum Investment: ₹500
- Fund Type: Open-ended Equity Scheme
Upcoming & Ongoing SIF NFOs in July 2026
Apart from mutual fund NFOs, July 2026 sees new releases under the Specialised Investment Fund (SIF) sector. Introduced by SEBI, the SIF framework seeks to close the divide between conventional mutual funds and portfolio management products by providing more flexibility in portfolio building, asset allocation, and investment strategies.
Let's examine the upcoming and ongoing SIF NFOs for July 2026 here.
Prism Hybrid Long Short Fund
Jio BlackRock Mutual Fund has launched the Prism Hybrid Long Short Fund, an interval hybrid investment strategy. It invests money in a diversified mix of equity and equity-related instruments, debt and money market instruments, and derivative-based strategies.
Managed by Siddharth Deb, the fund carries a High risk rating and has been launched with an offer price/NAV of ₹10. The scheme currently has no reported AUM and requires a minimum lump sum investment of ₹10 lakh, while SIPs can be started from ₹10,000.
Prism Hybrid Long Short Fund Details
- Open Date: July 13, 2026
- Close Date: July 20, 2026
- Category: Hybrid Long-Short Fund
- Minimum Investment: ₹10,00,000
- Fund Type: Interval Fund
Summit Equity Long-Short Fund
Invesco Mutual Fund has launched the Summit Equity Long-Short Fund. The fund aims to generate long-term capital appreciation by investing primarily in equity and equity-related instruments. Managed by Hiten Jain, the fund carries a high-risk rating and has been launched with an offer price/NAV of ₹10.
The scheme currently has no reported AUM, requires a minimum lump sum investment of ₹10 lakh, allows SIPs from ₹1,000, and charges an exit load of 0.50% if units are redeemed within three months.
Summit Equity Long-Short Fund Details
- Open Date: July 2, 2026
- Close Date: July 16, 2026
- Category: Equity Long-Short Fund
- Minimum Investment: ₹10,00,000
- Fund Type: Open-ended Equity-Oriented Investment Strategy
Final words
From hybrid and long-short funds to passive index funds and multi-asset techniques, the newest mutual fund NFOs in July 2026 provide investors with a broad range of investment possibilities. Although a new fund offers unique opportunities, an NFO's launch price should not be the only thing influencing your investment decision.
Rather, think about the investment goal, portfolio strategy, risk profile, fund manager, and how it fits your financial objectives. Investing in an NFO should always be based on suitability and long-term wealth creation rather than the novelty of a new launch.
