The mutual fund industry is set to see six new fund launches in the third week of November 2026. These New Fund Offers (NFOs) will open for subscription between November 16 and November 20, offering investors options across hybrid, banking, metal, pharma, defence and contra categories.
Investors can start investing with as little as Rs 100 in some of these schemes, while others require a minimum investment of Rs 500, Rs 1,000 or Rs 5,000.
If you are planning to add a new scheme to your mutual fund portfolio, here is a look at the six NFOs, their opening and closing dates, minimum investment requirements and key features.
Mutual fund investment trends in October
Mutual fund investment trends showed some changes in October, with investor interest shifting across different categories.
Investment momentum in midcap and smallcap funds slowed, while largecap funds and ETFs witnessed higher inflows.
Against this backdrop, the six upcoming NFOs offer exposure to different segments of the market. However, investors should understand the investment objective, risk level and underlying assets of each scheme before investing.
Six new mutual fund NFOs opening next week
1. Abakkus Dynamic Asset Allocation Fund
Hybrid Fund | NFO Opens November 16
Abakkus Dynamic Asset Allocation Fund from Abakkus Mutual Fund will open for subscription on November 16, 2026. The NFO will close on November 30, 2026.
This is an open-ended hybrid scheme that will dynamically manage its allocation between equity, equity-related instruments, debt and money market securities depending on market conditions.
Investors can start with a minimum investment of Rs 500.
The scheme aims to generate long-term capital appreciation by adjusting its asset allocation according to market conditions. Vinod Narayan Bhatt and Abhishek Krishnaswamy will manage the fund.
However, the fund’s investment objective is not guaranteed to be achieved.
2. Invesco India BSE Top 10 Banks ETF
Banking ETF | NFO Opens November 16
Invesco India BSE Top 10 Banks ETF will also open for subscription on November 16, with the NFO closing on November 30, 2026.
The exchange-traded fund (ETF) will provide investors with exposure to the top 10 banking companies covered by the BSE Top 10 Banks Total Return Index.
The minimum lump-sum investment required is Rs 5,000.
The scheme will track the BSE Top 10 Banks Total Return Index, and Abhishek Bahinipati will manage the fund.
The fund falls under the ‘Very High’ risk category.
3. Invesco India Nifty Metal Index Fund
Metal Index Fund | NFO Opens November 16
Another offering from Invesco Mutual Fund is the Invesco India Nifty Metal Index Fund. The NFO will open on November 16 and close on November 30, 2026.
This is an open-ended index fund that will track the Nifty Metal Index. It will invest in shares and securities related to companies operating in the metal sector.
Investors can start with a minimum investment of Rs 100.
Abhishek Bahinipati will manage the scheme. The fund has no exit load.
Investors can also opt for systematic investment plans (SIPs). The minimum SIP amounts are:
- Daily SIP: Rs 20
- Weekly SIP: Rs 100
- Monthly SIP: Rs 100
- Quarterly SIP: Rs 300
The scheme will offer investors exposure to the metal sector through an index-based investment strategy.
4. Kotak Nifty Pharma Index Fund
Pharma Iindex Fund | NFO Opens November 16
Kotak Nifty Pharma Index Fund from Kotak Mutual Fund will open for subscription on November 16, 2026. The NFO will close on November 30.
This is an open-ended equity index fund that will track an index focused on the pharmaceutical sector.
Investors can begin investing with a minimum amount of Rs 1,000.
Through this scheme, investors will get indirect exposure to pharmaceutical companies listed in the underlying index.
The fund’s performance will depend on the performance of the pharma stocks included in the index.
5. SBI BSE India Defence ETF Fund of Fund
Defence Fund of Funds | NFO Opens November 16
SBI BSE India Defence ETF Fund of Fund from SBI Mutual Fund will also open on November 16, with the subscription window closing on November 30, 2026.
This is an open-ended fund of funds (FoF) scheme. It will invest 95 per cent to 100 per cent of its total assets in units of the SBI BSE India Defence ETF. The remaining 5 per cent may be invested in government securities, treasury bills and liquid mutual funds.
The minimum investment required is Rs 5,000, while additional investments can be made with a minimum amount of Rs 1,000.
6. WhiteOak Capital Contra Fund
Contra Fund | NFO Opens November 16
WhiteOak Capital Contra Fund from WhiteOak Capital Mutual Fund will open for subscription on November 16, 2026. The NFO will close on November 30.
This is an open-ended equity scheme falling under the value and contra fund category.
Investors can start with a minimum investment of Rs 500.
Contra funds generally follow a strategy of investing in companies that are currently out of favour with the market but may have long-term growth potential. Such funds look for opportunities where the market’s current valuation may not reflect a company’s underlying potential.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money-related decisions.)