8 New Fund Offers (NFOs) of mutual funds open for subscription in May 2025; check details

Mutual fund companies are still offering several new fund offers (NFOs) that are about to close for subscription soon. NFOs allow early investing in new mutual fund schemes before they become available for investment through various platforms. 

During the NFO period, one can invest in the fund offer at a low NAV, which is generally ₹10. 

Let’s take a look at eight mutual fund NFOs that are open for subscription in May 2025, as per details on the website of the Association of Mutual Funds in India (AMFI):

Baroda BNP Paribas Multi Asset Active Fund of Funds

Baroda BNP Paribas Multi Asset Active Fund of Funds is an open-ended domestic FoF launched on May 15, 2025. The minimum subscription amount for it is ₹1,000 and in multiples of ₹1 thereafter. The scheme will close for subscription on May 26, 2025. 

Canara Robeco Multi Asset Allocation Fund

The Canara Robeco Multi Asset Allocation Fund is an open-ended hybrid scheme launched on May 9, 2025. It will close for subscription on May 23, 2025, and the minimum amount is ₹1,000 and in multiples of ₹1 thereafter. The exit load for this is 1% if above 12% of allotted units are redeemed within 365 days from the date of allotment.

ICICI Prudential Nifty200 Quality 30 Index Fund

ICICI Prudential Nifty200 Quality 30 Index Fund is an open-ended index fund launched on May 21, 2025. The scheme will stay open for subscription until June 4, 2025, and the minimum subscription amount is ₹1,000. The exit load for this scheme is Nil. 

Motilal Oswal Services Fund

Motilal Oswal Services Fund is an open-ended thematic equity scheme that opened for subscription on May 20, 2025. The exit load for this scheme is 1% if redeemed within 90 days from the day of allotment. The minimum amount to invest in the scheme is ₹500 and in multiples of ₹1 thereafter. Further, the scheme closes for subscription on June 3, 2025. 

Nippon India BSE Sensex Next 30 ETF

This is an open-ended ETF that opened for subscription on May 21, 2025, and will close on June 4, 2025. The minimum subscription amount for this scheme is ₹1,000 and in multiples of ₹1 thereafter, while entry and exit load is not applicable.

Nippon India BSE Sensex Next 30 Index Fund

This open-ended index fund was launched on May 21, 2025, and will close for subscription on June 4, 2025. The minimum amount for this is ₹1,000 and in multiples of ₹1 thereafter. 

SBI Nifty200 Quality 30 Index Fund

SBI Nifty200 Quality 30 Index Fund is an open-ended index fund that opened for subscription on May 16, 2025. The minimum subscription amount for this scheme is ₹5,000 in multiples of ₹1 thereafter, and it will close on May 29, 2025. 

UNIFI FLEXI CAP FUND

UNIFI FLEXI CAP FUND is an open-ended flexi cap fund that opened for subscription on May 19, 2025. The minimum subscription amount for this fund is ₹5,000, and it will close for subscription on May 30, 2025. The exit load for this is 1% if redeemed within 12 months from the date of allotment.

Union Income Plus Arbitrage Active FOF

Union Income Plus Arbitrage Active FOF is an open-ended domestic FoF launched on May 22, 2025. It would close for subscription on June 5, 2025, and the minimum subscription amount for the scheme is ₹1,000 and in multiples of ₹1 thereafter.