5 new fund offers from HDFC AMC, SBI Funds Management and others open for subscription this week

A slew of new fund offers (NFOs) from different mutual fund houses are open for subscription this week. These NFOs, spanning different emerging sectors and themes, target various investor segments as the mutual fund investor base continues to grow in the country.

A New Fund Offer (NFO) is the first time a mutual fund offers units of a new scheme to investors. In simple terms, it is the first opportunity for investors to invest in a newly launched scheme.

Here are five NFOs that are open for subscription this week:

The open-ended scheme, which tracks the Nifty Metal TRI, is suitable for investors seeking returns similar to those of the Nifty Metal Index.

The scheme's NFO opened on July 20, 2026, and will close on July 24, 2026.

Managed by Abhishek Mor and Arun Agarwal, the scheme offers long-term growth potential, given continued capex spending, new sources of demand from AI and data centres, and low per capita metal consumption compared with global peers. The minimum application amount during the NFO is ₹500.

The NFO of the HDFC Nifty Metal ETF FoF, an open-ended fund of funds investing in units of the HDFC Nifty Metal ETF, opened on July 20 and will close on August 3.

The scheme is managed by Nandita Menezes and Arun Agarwal.

The minimum application amount during the NFO is ₹100.

The NFO of the country's first insurance ETF opened on July 20 and will close on July 28, 2026. Investors bullish on the growth prospects of India's insurance sector may consider investing in the scheme.

The scheme is benchmarked against the BSE Insurance Index, which comprises insurance companies that are part of the BSE 1000 universe.

The fund is managed by Nishit Patel, Ashwini Bharucha, and Venus Ahuja.

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

The NFO of the scheme will open on July 21 and close on August 4. The scheme aims to generate long-term capital appreciation by investing in equity and equity-related instruments across market capitalisations.

The scheme will be benchmarked against the Nifty 500 TRI.

The scheme is managed by Ravneet Singh.

The minimum investment amount is ₹500.

The NFO of the scheme from SBI Funds Management will open on July 22 and close on August 4.

The scheme is benchmarked against the Nifty Midcap 150 Momentum 50 TRI. Managed by Viral Chhadva, it aims to provide returns that closely correspond to those of the SBI Nifty MidCap 150 Momentum 50 ETF.

The minimum investment amount is ₹5,000.