Upcoming NFOs for October 12-16: Six New Funds Open for Subscription

The mutual fund industry will see six new fund offers (NFOs) open for subscription during the week of October 12 to October 16, 2026. The schemes will be launched by Carnelian Mutual Fund, ICICI Prudential Mutual Fund, quant Mutual Fund and Zerodha Mutual Fund.

The new launches include one liquid fund, three equity index funds and two exchange-traded funds (ETFs). These schemes cover short-term debt instruments, large-cap equities, mid-cap equities, pharmaceutical stocks and leading banking stocks.

All six NFOs open on October 12, 2026. Carnelian Liquid Fund closes on October 14, the ICICI Prudential Nifty Pharma ETF closes on October 19, and the other four schemes close on October 26, 2026. Investors should check scheme objectives, risk levels, costs and other details before investing.

Here is a look at the new fund offers opening during the week of October 12 to October 16, 2026.

Upcoming NFOs Between October 12 and October 16, 2026

1. Carnelian Liquid Fund

Carnelian Liquid Fund is an open-ended debt mutual fund designed to invest in short-term money market and debt instruments. As a liquid fund, it is intended for managing short-term surplus funds rather than investing in equities.

The scheme opens on October 12, 2026, and closes on October 14, 2026. The minimum reported investment amount is ₹500. Investors should consult the scheme documents for portfolio limits, liquidity provisions, exit load and credit or interest-rate risks.

2. ICICI Prudential Nifty Pharma ETF

ICICI Prudential Nifty Pharma ETF is a passively managed equity ETF that aims to track the Nifty Pharma Index. It provides exposure to companies operating in India’s pharmaceutical sector.

The NFO opens on October 12, 2026, and closes on October 19, 2026. The minimum subscription amount is ₹1,000. Its performance will depend on the underlying index, subject to expenses and tracking differences.

3. quant Nifty 100 Index Fund

quant Nifty 100 Index Fund is an equity index fund that seeks to replicate the performance of the Nifty 100 Index which comprises of 100 large-cap companies. The Fund aims to achieve returns which, before charges, are roughly in line with the performance of the underlying index, plus or minus tracking error.

The minimum lump sum investment is ₹ 5,000 and NFO opens on October 12 and closes on October 26, 2026. Sameer Kate is listed as one of the fund managers in the available scheme listings.

4. quant Nifty 50 Index Fund

quant Nifty 50 Index Fund is a passively managed equity scheme to track the Nifty 50 Index. The index comprises of 50 largest listed companies across major sectors of Indian economy.

The NFO will open on October 12, 2026 and close on October 26, 2026. The minimum amount of investment is ₹5,000. Investors should read risk factors and tracking error before subscribing.

5. quant Nifty Midcap 150 Index Fund

quant Nifty Midcap 150 Index Fund aims to track the Nifty Midcap 150 Index and provides exposure to mid-sized listed companies. Like an index scheme, it will deliver returns related to the underlying benchmark's movements minus any tracking error and expenses.

The NFO will be open from October 12 to October 26, 2026. Minimum Investment Amount: ₹5,000. Mid-cap stocks could have higher volatility and investors need to consider volatility in relation to their investment horizon.

6. Zerodha BSE Top 10 Banks ETF

Zerodha BSE Top 10 Banks ETF is a passively managed Exchange Traded Fund, which aims to track the BSE Top 10 Banks Index TRI. The scheme intends to invest in banking stocks in the same proportion as they form part of the underlying index.

The NFO opens on October 12, 2026, and closes on October 26, 2026. The minimum investment amount is ₹1,000.Kedarnath Mirajkar is listed as the fund manager. Investors should be aware of concentration risk from exposure to the banking sector.

Conclusion

The six NFOs opening this week offer different forms of market exposure. The quant index funds invest in large and mid cap equities while Carnelian Liquid Fund invests in brief term debt. The ICICI Prudential and Zerodha ETFs are concentrated on pharmaceutical and banking stocks respectively.

Each scheme carries different risks and investment characteristics. Investors should review the Scheme Information Document (SID), Key Information Memorandum (KIM), costs and suitability before making a decision. A new fund offer does not automatically represent a better investment opportunity than an existing scheme.