In September 2026, the largest new fund offer (NFO) was a debt index fund, not an equity scheme. The Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund raised ₹544 crore, making it the top mobilizer for the month. This marked a significant shift as equity funds usually dominate new fund collections.
- The Tata CRISIL-IBX Financial Services 3-6 Months Debt Index Fund raised ₹544 crore.
- Equity schemes raised a total of ₹998 crore, led by Invesco India Pharma and Healthcare Fund at ₹403 crore.
- Index funds collectively raised ₹669 crore, showing growth from August.
- Hybrid and debt-oriented schemes saw a decline in collections compared to August.
- Overall fund mobilization fell 67% from ₹7,110 crore in August to ₹2,372 crore in September.
What were the top equity fund collections in September?
Among equity schemes, the Invesco India Pharma and Healthcare Fund led with ₹403 crore. It was followed by the Bank of India Value Fund, which raised ₹361 crore, and The Wealth Company Multi Cap Fund, which collected ₹135 crore. In total, five equity schemes raised ₹998 crore during the month.
How did index funds perform in September?
Index funds were the second-largest category in terms of collections, with six schemes raising ₹669 crore. This was an increase compared to August's ₹355 crore raised by four index funds. Notable funds included the HDFC BSE REITS and Commercial Real Estate Index Fund (₹31 crore), Navi Nifty Reits & Realty Index Fund (₹14 crore), UTI BSE India Sector Leaders Index Fund (₹39 crore), and Axis Nifty500 Low Volatility 50 Index Fund (₹30 crore).
What about hybrid and debt-oriented schemes?
Hybrid schemes raised ₹288 crore from two offerings: UTI Balanced Hybrid Fund (₹157 crore) and ITI Multi Asset Allocation Fund (₹131 crore). Debt-oriented schemes collected ₹266 crore from three funds, led by ASK Liquid Fund (₹158 crore) and Monarch Overnight Fund (₹80 crore). Both categories saw a decline compared to August's collections.
How did other fund categories fare?
Life cycle funds launched four schemes that raised ₹135 crore, with three from ICICI Prudential Mutual Fund. Exchange-traded funds (ETFs) were the smallest group, collecting just ₹16 crore from two ETFs. Domestic fund of funds raised ₹336 crore, led by Nippon India Income Plus Arbitrage Omni Fund of Fund at ₹175 crore.
How did September 2026 compare to August 2026 in fund mobilization?
September saw a sharp decline in fund mobilization by new open-ended schemes, falling 67% from ₹7,110 crore in August to ₹2,372 crore. The number of new schemes launched also dropped from 26 to 22. The steepest declines were in equity schemes (from ₹3,051 crore to ₹998 crore), hybrid schemes (from ₹1,848 crore to ₹288 crore), and debt-oriented schemes (from ₹1,647 crore to ₹266 crore). However, index funds were an exception, increasing their collections from ₹355 crore to ₹669 crore.
