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  5. Top 10 mutual fund updates on August 21: HDFC scheme changes, NCDEX Nidhi onboarding, NFOs and more

Personal Finance News

Top 10 mutual fund updates on August 21: HDFC scheme changes, NCDEX Nidhi onboarding, NFOs and more

rajeev kumar
By Rajeev Kumar

6 min read | Updated on August 21, 2026, 16:53 IST

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SUMMARY

The mutual fund industry saw a flurry of developments on August 20 and August 21, 2026, including the launch of Quantum Flexi Cap Fund, multiple scheme renamings by JM Financial and HDFC Mutual Fund, and wider adoption of the NCDEX Nidhi platform by fund houses.

mutual fund updates on august 21

Here are the top 10 mutual fund updates on August 21, 2026. | Image: Shutterstock

This article lists top 10 updates from the mutual fund industry relevant on August 20, 2026.

1)Quantum Mutual Fund has launched Quantum Flexi Cap Fund, an open-ended dynamic equity scheme investing across large-cap, midcap, small-cap stocks. The new fund offer opened for subscription on Friday, August 21, 2026, and closes on September 04, 2026. The minimum subscription amount is ₹500 and in multiples of Re.1 thereafter. The performance of the Scheme will be benchmarked with BSE 500 TRI and its fund managers are Chirag Mehta and Ketan Gujarathi. The investment objective of the scheme is to achieve long-term capital appreciation by investing in a diversified portfolio of large, mid and small cap companies.
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The following exit loads are applicable for investing in this fund:

  • 10% of units if redeemed or switched out on or before 180 days from the date of allotment: Nil

  • Remaining 90% of units if redeemed or switched out on or before 180 days from the date of allotment: 1%

  • If redeemed or switched out after 180 days from the date of allotment: Nil.

2)PGIM India Mutual Fund has decided to facilitate purchase/redemption/switch transactions in non-demat mode through National Commodity & Derivatives Exchange (NCDEX) Nidhi platform with effect from August 24, 2026.
3)JM Financial Asset Management (AMC) has announced that the name of the following schemes will be revised with effect from Wednesday, August 26, 2026:

  • JM Midcap Fund to JM Mid Cap Fund

  • JM Flexicap Fund to JM Flexi Cap Fund

  • JM ELSS Tax Saver Fund to JM ELSS - Tax Saver Fund

  • JM Low Duration Fund to JM Ultra Short to Short Term Fund

  • JM Dynamic Bond Fund to JM Dynamic Term Fund

  • JM Short Duration Fund to JM Short Term Fund

  • JM Medium to Long Duration Fund to JM Medium to Long Term Fund

4)HDFC AMC has also announced that the name of the below schemes of HDFC Mutual Fund will be revised with effect from August 26, 2026:

  • HDFC Large and Mid-Cap Fund to HDFC Large & Mid Cap Fund

  • HDFC ELSS Tax Saver to HDFC ELSS - Tax Saver Fund

  • HDFC Hybrid Debt Fund to HDFC Conservative Hybrid Fund

  • HDFC Hybrid Equity Fund to HDFC Aggressive Hybrid Fund

  • HDFC Credit Risk Debt Fund to HDFC Credit Risk Fund

  • HDFC Dynamic Debt Fund to HDFC Dynamic Term Fund

  • HDFC Floating Rate Debt Fund to HDFC Floating Interest Rates Fund

  • HDFC Income Fund to HDFC Medium to Long Term Fund

  • HDFC Long Duration Debt Fund to HDFC Long Term Fund

  • HDFC Low Duration Fund to HDFC Ultra Short to Short Term Fund

  • HDFC Multi-Asset Allocation Fund to HDFC Multi Asset Allocation Fund

  • HDFC Short Term Debt Fund to HDFC Short Term Fund

  • HDFC Retirement Savings Fund to HDFC Retirement Fund

5)Invesco Mutual Fund has announced that the facility for purchase (including SIP)/redemption/switch-of units of eligible schemes of the fund through NCDEX Nidhi, a platform provided by National Commodity & Derivatives Exchange, will be available with effect from August 21, 2026. Currently, the facility to transact through NCDEX Nidhi is available only in non-demat (physical) mode.
6)ICICI Prudential AMC has also informed that its schemes/investment strategies are now available to be transacted through the NCDEX Nidhi platform. In order to facilitate transactions through the platform, the fund has entered into agreement with NCDEX who would provide backend platform on behalf of the Fund. The NCDEX will offer its platform for purchase/redemption/switch of mutual fund units, Specialized Investment Fund (SIF) units, including but not limited to transactions like Systemic Investment Plan (SIP), Systematic Withdrawal Plan (SWP), Systematic Transfer Plan (STP).
7)Kotak Mahindra Mutual Fund has filed offer document with SEBI to launch a close-ended debt scheme named ‘Kotak Fixed Maturity Plan Series 336-338'. The New Fund Offer price will be ₹10 per unit during the NFO. Entry load and Exit load will be nil. The scheme offers growth and IDCW options for investment and seeks to collect a minimum target amount of ₹20 crore.
8)Zerodha Mutual Fund has filed offer document with SEBI to launch an open-ended fund named ‘Zerodha Life Cycle Fund 2056'. The new fund offer price will be ₹10 per unit during the NFO. Entry load will be nil. Exit load- up to 1 year will be 3%; more than 1year and up to 2years will be 2%; more than 2 years and up to 3 years will be 1%; more than 3 years will be NIL. The Scheme offers growth option only for investment and seeks to collect a minimum target amount of ₹10 crore.

The performance will be benchmarked against 65% Nifty 200 TRI + 5% Domestic prices of Physical Gold + 5% Domestic prices of Physical Silver + 25% CRISIL 10 year Gilt Index. The minimum application will be ₹100 and any amount thereafter.

9)Aditya Birla Sun Life AMC has announced Friday, August 21, 2026, as the record date for declaration of distribution under the Income Distribution cum Capital Withdrawal (IDCW) option in the following schemes:
Scheme NameDirect Plan IDCW (₹ per unit)Regular Plan IDCW (₹ per unit)
Aditya Birla Sun Life Arbitrage Fund0.0670.064
Aditya Birla Sun Life Balanced Advantage Fund0.2120.185
Aditya Birla Sun Life Multi Asset Omni FoF2.7675.015
Aditya Birla Sun Life Multi-Cap Fund1.4311.334
Aditya Birla Sun Life Small Cap Fund5.6642.910
Source: ACE MF
10)Mirae Asset Mutual Fund has filed offer document with SEBI to launch an open-ended scheme named ‘Mirae Asset BSE Information Technology Index Fund'. The new fund offer price will be ₹10 per unit during the NFO. Entry load and Exit load will be nil. The scheme offers growth and IDCW options for investment and seeks to collect a minimum target amount of ₹10 crore.

The performance will be benchmarked against BSE Information Technology Total Return Index. The minimum application amount will be ₹5000 and in multiples of Re 1 thereafter. The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of BSE Information Technology Total Return Index.

Disclaimer: The information contained in this article is for informational purposes only and does not represent investment advice from Upstox. Investment decisions should be made based on independent research or consultation with a registered financial advisor. Past performance is not indicative of future results.

About The Author

rajeev kumar
Rajeev Kumar is a Deputy Editor at Upstox, and covers personal finance stories. In over 11 years as a journalist, he has written over 2,000 articles on topics like income tax, mutual funds, credit cards, insurance, investing, savings, and pension. He has previously worked with organisations like 1% Club, The Financial Express, Zee Business and Hindustan Times.

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