India’s mutual fund industry is set to witness another active week of new fund launches as multiple asset management companies prepare to introduce fresh investment products between May 18 and May 24, 2026.
The latest round of New Fund Offers (NFOs) includes a combination of specialised investment funds (SIFs) and an exchange traded fund (ETF), reflecting the growing diversification within India’s investment landscape.
The upcoming launches include products focused on long-short strategies, hybrid allocation frameworks, and passive index investing. Several of these schemes are targeted towards investors seeking alternative investment approaches beyond traditional equity and debt mutual funds.
List of Upcoming NFOs This Week
| Fund / Scheme | Category | Type | Subscription Closing Date |
|---|---|---|---|
| 360 One MSCI India ETF | ETF | Passive | May 20 |
| iSIF Equity Long-Short Fund | SIF | Long-Short Strategy | June 2 |
| iSIF Active Asset Allocator Long-Short Fund | SIF | Asset Allocation Long-Short | June 2 |
| Platinum Hybrid Long-Short Fund | SIF | Hybrid Long-Short | June 3 |
| Altiva Equity Ex-Top 100 Long-Short Fund | SIF | Equity Long-Short | June 1 |
Passive ETF Launch by 360 One Mutual Fund
360 One Mutual Fund is launching the 360 One MSCI India ETF, which opens for subscription on May 18 and closes on May 20.
The ETF aims to track the MSCI India Index using a passive investment structure. Investors can participate with a minimum investment amount of ₹5,000, making it accessible to a wider investor base compared to specialised investment funds.
Passive ETFs have continued gaining popularity in India due to lower expense structures and increasing interest in index-based investing.
ICICI Prudential Introduces Two Long-Short SIFs
ICICI Prudential Mutual Fund is launching two specialised investment funds under the iSIF category.
The first scheme, iSIF Equity Long-Short Fund, follows a long-short equity strategy and will remain open for subscription from May 19 to June 2.
The second scheme, iSIF Active Asset Allocator Long-Short Fund, combines dynamic asset allocation with long-short positioning across different opportunities. The subscription window for this fund also runs from May 19 to June 2.
Both schemes require a minimum investment of ₹10 lakh, indicating their positioning towards investors comfortable with higher-risk and strategy-oriented investment products.
Mirae Asset and Edelweiss Launch Strategy-Based Funds
Mirae Asset Mutual Fund is launching the Platinum Hybrid Long-Short Fund between May 20 and June 3. The scheme combines hybrid asset allocation with long-short investing strategies.
Meanwhile, Edelweiss Mutual Fund is introducing the Altiva Equity Ex-Top 100 Long-Short Fund, which opens on May 18 and closes on June 1.
The Edelweiss scheme focuses on companies outside the top 100 by market capitalisation while following a long-short framework.
Growing Focus on Alternative Investment Strategies
The latest NFO activity highlights the increasing focus among fund houses on specialised and strategy-driven products. Long-short strategies are designed to potentially benefit from both rising and falling market trends by combining long and short market positions.
At the same time, passive products like ETFs continue attracting attention as investors seek diversified market exposure through benchmark tracking strategies.
Summary
The upcoming NFO calendar between May 18 and May 24 includes one ETF and four specialised investment funds launched by major mutual fund houses. The new schemes cover passive index investing, hybrid allocation models, and long-short investment strategies. While the ETF offers broader accessibility with a lower minimum investment amount, most SIF products are targeted towards investors seeking alternative investment structures with higher capital commitments.
Disclaimer:
This article is intended solely for educational and informational purposes. The securities or companies mentioned are provided as examples and should not be considered as recommendations. Nothing contained herein constitutes personal financial advice or investment recommendations. Readers are advised to conduct their own research and consult a qualified financial advisor before making any investment decisions.
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