Upcoming NFOs for September 28 to October 1: ICICI Prudential,WhiteOak and Mirae Assets Funds to Open for Subscription

The mutual fund industry will see three new fund offers (NFOs) open for subscription next week. The new schemes will be launched by ICICI Prudential,WhiteOak Capital and Mirae Asset.

The ICICI Prudential Contra Fund is an Equity Schemes - Contra Fund , investing in equity and equity-related instruments.WhiteOak Capital Diversified Equity Small Cap is an Active Funds of Funds , investing in units of equity-oriented small-cap mutual fund schemes.While Mirae Asset Life Cycle Fund 2056 is long term Life Cycle Fund Investing in different asset classes and generating wealth.

The NFOs will open on September 28, 2026, and will remain open until October 12, 2026. Investors should check the scheme objective, index, risk level, costs and other details before investing.

Here is a look at the upcoming NFOs for the week of September 28 to October 1, 2026.

Upcoming NFOs Between September 28 and October 1, 2026

1. ICICI Prudential Contra Fund – Regular (Growth)

ICICI Prudential Contra Fund  is an equity scheme contra Fund. It aims to generate long-term capital appreciation by implementing a contrarian investment strategy across equity and equity-related instruments.

The NFO will open on September 28, 2026, and close on October 12, 2026. The minimum investment amount is ₹1,000. The Fund has an Exit load of 1% of the applicable NAV if redeemed or switched out within 1 month from allotment; NIL thereafter.

2. WhiteOak Capital Diversified Equity Small Cap Active Fund of Fund – Regular (Growth)

WhiteOak Capital Diversified Equity Small Cap is an active Fund of Funds.The primary objective of the scheme is to generate long-term capital appreciation by investing in units of equity-oriented small-cap mutual fund schemes.

The NFO opens on September 28, 2026, and closes on October 12, 2026. The minimum investment is ₹100. The scheme has no exit load as per the available details.Exit Load of 1.00% of applicable NAV is payable if units are redeemed/ switched-out within 1 year from the date of allotment.

3. Mirae Asset Life Cycle Fund 2056 – Regular (Growth)

Mirae Asset Life Cycle Fund 2056 Fund is a long term Life Cycle fund with a maturity of 30 years. The fund will invest in different portfolios generating capital appreciation.

The Scheme seeks to generate long term capital appreciation by investing in a diversified portfolio of equity and equity related instruments, debt and money market instruments, InvITs, Gold and Silver ETFs, and Exchange Traded Commodity Derivatives (ETCDs).

The NFO will open on September 28, 2026, and close on October 12, 2026. The minimum investment amount is ₹5000. An exit load of 3% applies if redeemed within 1 year from the date of allotment, which reduces to 2% if redeemed between 1 and 2 years, and 1% if redeemed between 2 and 3 years. Beyond 3 years from the date of investment, the exit load is completely NIL.

Conclusion

The upcoming NFOs will give investors exposure to three different segments of the market. The ICICI Prudential fund focuses on the equity segment, the WhiteOak Capital Fund is a Fund of Funds focusing on generating long-term capital appreciation by investing in units of equity-oriented small-cap mutual fund schemes, and the Mirae Asset fund is a hybrid fund focusing on generating long-term capital appreciation through different asset classes.

Investors should read the scheme documents and understand the risks before investing.