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A debt index fund, not an equity scheme, was September’s biggest NFO at ₹544 crore; here's how all 28 offers fared
6 min read | Updated on October 13, 2026, 11:11 IST
SUMMARY
Among equity offerings, Invesco India Pharma and Healthcare Fund led with ₹403 crore, followed by Bank of India Value Fund at ₹361 crore and The Wealth Company Multi Cap Fund at ₹135 crore.
Index funds were the second-biggest category, with six schemes raising ₹669 crore. | Representational image/AI Generated
Compared to the previous month, September was a far quieter month. In August, 26 open-ended schemes had collected ₹7,110 crore.
The single largest mobiliser in September was not an equity fund but a debt index fund: Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund, which collected ₹544 crore. Among equity offerings, Invesco India Pharma and Healthcare Fund led with ₹403 crore, followed by Bank of India Value Fund at ₹361 crore and The Wealth Company Multi Cap Fund at ₹135 crore.
The five equity schemes launched in September raised ₹998 crore.
Funds mobilised by 28 new schemes in September (₹ crore)
| Rank | Scheme | Category | Mobilised (₹ crore) |
|---|---|---|---|
| 1 | Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund | Index (debt) | 544 |
| 2 | Invesco India Pharma and Healthcare Fund | Equity (sectoral) | 403 |
| 3 | Bank of India Value Fund | Equity (value) | 361 |
| 4 | Nippon India Income Plus Arbitrage Omni Fund of Fund | Fund of funds | 175 |
| 5 | ASK Liquid Fund | Debt (liquid) | 158 |
| 6 | UTI Balanced Hybrid Fund | Hybrid | 157 |
| 7 | The Wealth Company Multi Cap Fund | Equity (multi cap) | 135 |
| 8 | ITI Multi Asset Allocation Fund | Hybrid | 131 |
| 9 | Monarch Overnight Fund | Debt (overnight) | 80 |
| 10 | quant Income Plus Arbitrage Active FOF | Fund of funds | 64 |
| 11 | Quantum Flexi Cap Fund | Equity (flexi cap) | 61 |
| 12 | ICICI Prudential Life Cycle Fund 2041 | Life cycle | 53 |
| 13 | ICICI Prudential Life Cycle Fund 2031 | Life cycle | 44 |
| 14 | UTI BSE India Sector Leaders Index Fund | Index (equity) | 39 |
| 15 | Motilal Oswal Quality Fund | Equity (thematic) | 38 |
| 16 | HDFC GOLD SILVER PASSIVE FOF | Fund of funds | 36 |
| 17 | HDFC BSE REITS and Commercial Real Estate Index Fund | Index (equity) | 31 |
| 18 | Axis Nifty500 Low Volatility 50 Index Fund | Index (equity) | 30 |
| 19 | Lakshya Overnight Fund | Debt (overnight) | 28 |
| 20 | ICICI Prudential Life Cycle Fund 2036 | Life cycle | 28 |
| 21 | Shriram Gold ETF Passive FOF | Fund of funds | 24 |
| 22 | Kotak Multi Sector Omni FOF | Fund of funds | 21 |
| 23 | ICICI Prudential Dynamic Asset Allocation Passive FOF | Fund of funds | 16 |
| 24 | Navi Nifty Reits & Realty Index Fund | Index (equity) | 14 |
| 25 | Mirae Asset BSE Information Technology Index Fund | Index (equity) | 11 |
| 26 | Zerodha Life Cycle Fund 2031 | Life cycle | 10 |
| 27 | DSP BSE Insurance ETF | ETF (equity) | 10 |
| 28 | UTI BSE India Sector Leaders Exchange Traded Fund | ETF (equity) | 6 |
| Total | 2,708 |
Index funds were the second-biggest category, with six schemes raising ₹669 crore. These included HDFC BSE REITS and Commercial Real Estate Index Fund (₹31 crore) and Navi Nifty Reits & Realty Index Fund (₹14 crore), besides UTI BSE India Sector Leaders Index Fund (₹39 crore) and Axis Nifty500 Low Volatility 50 Index Fund (₹30 crore).
Hybrid schemes raised ₹288 crore across two offerings: UTI Balanced Hybrid Fund (₹157 crore) and ITI Multi Asset Allocation Fund (₹131 crore). Debt-oriented schemes raised ₹266 crore from three funds, led by ASK Liquid Fund (₹158 crore) and Monarch Overnight Fund (₹80 crore). The month also saw life cycle fund launches with four schemes raising ₹135 crore. Three of them were from ICICI Prudential Mutual FUnd.
Exchange-traded funds were the smallest group, collecting just ₹16 crore from two ETFs.
The six domestic fund of funds, which AMFI counts separately, raised ₹336 crore between them. Nippon India Income Plus Arbitrage Omni Fund of Fund led with ₹175 crore, followed by quant Income Plus Arbitrage Active FOF (₹64 crore), HDFC GOLD SILVER PASSIVE FOF (₹36 crore), Shriram Gold ETF Passive FOF (₹24 crore), Kotak Multi Sector Omni FOF (₹21 crore) and ICICI Prudential Dynamic Asset Allocation Passive FOF (₹16 crore).
September’s 28 new schemes by category
| Category | Schemes | Mobilised (₹ crore) |
|---|---|---|
| Equity schemes | 5 | 998 |
| Index funds | 6 | 669 |
| Hybrid schemes | 2 | 288 |
| Income / debt-oriented schemes | 3 | 266 |
| Life Cycle Funds | 4 | 135 |
| Exchange-traded funds | 2 | 16 |
| Sub-total, open-ended schemes | 22 | 2,372 |
| Domestic fund of funds (counted separately) | 6 | 336 |
| Total | 28 | 2,708 |
Compared to August 2026, fund mobilisation by new open-ended schemes fell 67%, from ₹7,110 crore to ₹2,372 crore, and their number slipped from 26 to 22. The decline was sharpest in equity schemes (from ₹3,051 crore to ₹998 crore), followed by hybrid schemes (from ₹1,848 crore to ₹288 crore) and debt-oriented schemes (from ₹1,647 crore to ₹266 crore). However, index funds bucked the trend in September, raising ₹669 crore against ₹355 crore in August. The number of index new fund offers rose from four to six.
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