Kolkata: The stock market is volatile and investor spirit is at a low, so much so that about 150 companies, armed with the approval from market regulator Sebi, is waiting in the sidelines and biding time to float IPOs or initial public offerings. However, a couple of mutual fund NFOs are open right now. These are passive equity funds. These are Invesco India Nifty Bank Index Fund and Invesco India BSE Sensex Index Fund. New Fund Offerings allow investors to buy units of the scheme at Rs 10, which usually rises after they hit the market. Let’s have a look at the details of each mutual fund NFO. It is quite remarkable that even with a wobbling stock market, mutual fund investments are setting new highs every month. According to AMFI data, in March 2026, the Indian mutual fund industry witnessed 56% surge in net equity inflows to Rs 40,450 crore. On the other hand, SIP inflows stood at Rs 32,087 crore, a new record. Let’s have a look at these NFOs.
Invesco India BSE Sensex Index Fund
Objective of Scheme: Passive Investments in equity and equity related securities replicating the composition of the BSE Sensex Index, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved
Scheme Type: Open Ended
Scheme Category: Index Funds
NFO Closure Date: May 7, 2026
Minimum Subscription Amount: Rs 100
Benchmark TRI: BSE Sensex TRI
Exit load: Nil
Risk-o-meter: Very high risk
Invesco India Nifty Bank Index Fund
Objective of Scheme: Passive Investments in equity and equity related securities replicating the composition of the Nifty Bank, subject to tracking errors. There is no assurance that the investment objective of the Scheme will be achieved
Scheme Type: Open Ended
Scheme Category: Index Funds
NFO Closure Date: May 7, 2026
Minimum Subscription Amount: Rs 100
Benchmark TRI: Nifty Bank TRI
Exit load: Nil
Risk-o-meter: Very high risk
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