Three Mutual Fund NFOs Open for Subscription, Including Kotak Nifty 500 Index Fund

Key Takeaways:

• Three new mutual fund schemes opened for subscription on 5 October and are scheduled to close on 19 October 2026.
• The launches include the Kotak Nifty 500 Index Fund, JioBlackRock Income Plus Arbitrage Omni FoF and an HDFC hybrid index product.
• Minimum application amounts range from ₹100 to ₹1,000 across the three offers.

Three new mutual fund offers are currently open for subscription after fund houses introduced products spanning a broad-market equity index, a fund-of-funds structure and a combined equity-government securities index strategy.

All three NFOs opened on 5 October 2026 and are scheduled to close on 19 October, according to data reported by The Economic Times.

Kotak Nifty 500 Index Fund

Kotak Mutual Fund's new scheme is the Kotak Nifty 500 Index Fund.

The product is structured as an index fund and seeks to provide exposure to companies represented in the Nifty 500 universe.

The minimum application amount during the NFO is ₹1,000.

By tracking a broad-market index, the scheme differs from index products restricted to a single market-cap segment such as large-cap or mid-cap stocks.

JioBlackRock Income Plus Arbitrage Omni FoF

JioBlackRock Mutual Fund has opened the JioBlackRock Income Plus Arbitrage Omni FoF, classified in the reported NFO data as a domestic debt-oriented fund of funds.

Its minimum application amount is ₹500.

A fund of funds primarily invests through underlying schemes or investment vehicles rather than constructing the entire portfolio directly in securities.

HDFC launches 70:30 index strategy

The third product is the HDFC Nifty LargeMidcap 250 Plus 8-13 yr G-Sec 70:30 Index Fund.

The scheme combines exposure to the HDFC Nifty LargeMidcap 250 universe with government securities in the 8-13-year maturity segment using a 70:30 structure, as reflected in the scheme name.

The reported minimum application amount is ₹100, the lowest among the three NFOs.

The three launches add to the continued expansion of index and rules-based products in India's mutual fund market.

NFO availability by itself does not indicate future returns. Once launched, the performance of each scheme will depend on its underlying portfolio, benchmark exposure, costs and market movements.