Twenty-Eight Mutual Fund NFOs Mobilise ₹3,829 Crore in October
Anupama VM
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Last Updated: 12th November 2026 - 02:06 pm
Key Takeaways
- A total of 28 mutual fund NFOs launched during October 2026 collectively raised ₹3,829 crore.
- Ten index funds mobilised ₹248 crore, while six newly launched equity ETFs collected ₹44 crore.
- ICICI Prudential Contra Fund recorded the largest mobilisation among the launches, collecting ₹1,488 crore.
Indian asset management companies launched 28 new mutual fund schemes during October 2026, collectively mobilising ₹3,829 crore during their new fund offer periods.
The largest individual mobilisation came from ICICI Prudential Contra Fund, which collected ₹1,488 crore, according to an analysis of AMFI's October data.
Passive products accounted for a sizeable share of the number of launches, although not of the money raised.
Ten index funds were launched during the month and together collected ₹248 crore. The group included products tracking broad-market, capital-market, chemicals, defence and hybrid equity-government-security indices.
Aditya Birla Sun Life BSE Total Market Index Fund raised ₹108 crore, the highest amount among the 10 index fund launches.
Six equity ETFs were also launched, collectively mobilising ₹44 crore. SBI BSE India Defence ETF accounted for ₹14 crore of that amount.
October also saw three domestic fund-of-funds launches. WhiteOak Capital Diversified Equity Small Cap Active FoF raised the highest amount within that group at ₹72 crore.
Two debt fund NFOs collectively mobilised ₹693 crore. Aditya Birla Sun Life Financial Services Sectoral Debt Fund accounted for ₹670 crore of the total.
Other launches included JioBlackRock Balanced Advantage Fund, which collected ₹27 crore, and Mirae Asset Life Cycle Fund 2056, which raised ₹86 crore.
Two close-ended fixed maturity plans raised ₹496 crore and ₹568 crore respectively.
The data shows a wide spread of launches across active equity, passive equity, debt, hybrid, fund-of-funds and close-ended products.
NFO mobilisation represents money collected when a new scheme is launched. It does not measure subsequent investment performance or indicate whether a new scheme will outperform existing funds in its category.
October's ₹3,829 crore collection therefore primarily captures product-launch activity and investor subscriptions across the month's 28 new schemes.
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