15 mutual fund NFOs open in January, 2023. Should you invest?

Mutual fund houses are busy launching new schemes at the beginning of the New Year. New fund offers (NFOs) of at least 15 schemes are hitting the markets in January. Most of these new funds are passive or index-based debt schemes. This is because market analysts believe that with the interest rate cycle reaching its end, debt funds would be better placed in 2023.

Out of the 15 schemes opening in January, only four are equity or hybrid schemes. Rest of the NFOs are debt funds, mostly passive. Two of these NFOs are already open. SBI FMP 74 (1243D) and SBI FMP 75 (366 D) are open till January 9. UTI CRISIL SDL Mtrty June 2027 Index Fund will open on January 3rd. The first week of January will see 6 NFOs open across asset classes. Here’s a look at the NFOs that will open in the first week of January, 2023:

Scheme name	Category	NFO Opens on	NFO Closes on
UTI CRISIL SDL Mtrty June 2027 Index Fund	TMF	02-Jan	09-Jan
Tata Nifty G-Sec Dec 2029 Index Fund	TMF	03-Jan	10-Jan
ABSL FTP UD (79 D)	FMP	03-Jan	03-Jan
Tata Nifty G-Sec Dec 2026 Index	TMF	04-Jan	11-Jan
Axis CRISIL IBX 5050 Gilt Plus SDL Jun 2028 Index	TMF	05-Jan	16-Jan
HDFC Long Duration Debt	Long duration Funds	06-Jan	17-Jan

Among the big fund houses, Tata MF and Aditya Birla Sun Life MF are coming up with hybrid and equity schemes in the second week of January. HSBC mutual fund and Tata Mutual Fund are launching a multi cap fund in the second week. Here’s a look at the NFOs opening in and after the second week of January:

Scheme name	Category	NFO Open	NFO Close
ABSL FTP UE (1275 D)	FMP	09-Jan	11-Jan
HSBC Multi Cap	Multicap	10-Jan	24-Jan
ABSL Multi Asset Allocation	MAA	11-Jan	25-Jan
Baroda BNP Paribas Nifty SDL December 2026 Index	TMF	16-Jan	23-Jan
Tata Multicap	Multicap	16-Jan	30-Jan
WhiteOak Capital Balanced Advtg Fund	BAF	20-Jan	03-Feb

A word of caution for new investors. Many new investors start looking at new funds when they start their investment journeys. Mutual fund advisors say that investors should look at schemes with a long-term track record. This helps you choose schemes which have been around for a long period and have dealt with various market phases. New schemes should only be picked if they offer something that is not already available in the market.