Mutual Funds: NFOs & IDCW Payouts Active Week
By Market Desk
India’s mutual fund sector buzzed with activity on Aug 28, 2026, featuring new fund offers from Motilal Oswal & Bank of India, plus significant IDCW payouts.
India’s mutual fund sector experienced a dynamic period around August 28, 2026, marked by the launch of several New Fund Offers and significant Income Distribution cum Capital Withdrawal payouts from leading fund houses.
New Fund Offers Drive Equity Schemes
Motilal Oswal Mutual Fund introduced the Motilal Oswal Quality Fund, an open-ended equity scheme designed with a quality factor-based investment strategy. This New Fund Offer (NFO) opened for subscriptions on August 28, 2026.
- Subscription Period: Opened August 28, 2026, closes September 11, 2026.
- Entry Load: None.
- Exit Load: 1% if redeemed within 90 days.
- Benchmark: Nifty 200 Quality 30 Total Return Index.
Bank of India Mutual Fund also launched the Bank of India Value Fund, an open-ended equity scheme that employs a value investment approach. Its NFO commenced on the same date, providing investors another option for long-term capital appreciation.
- Subscription Period: Opened August 28, 2026, closes September 11, 2026.
- Entry Load: None.
- Exit Load: Tiered, if redeemed within three months.
- Benchmark: Nifty 500 Total Return Index (TRI).
Key IDCW Payouts Announced
ICICI Prudential Mutual Fund declared Income Distribution cum Capital Withdrawal (IDCW) payouts for two of its schemes. These distributions are set to benefit unit holders of the respective funds.
- ICICI Prudential Aggressive Hybrid Fund: ₹0.16 per unit, record date September 1, 2026.
- ICICI Prudential Arbitrage Fund: ₹0.0500 per unit, record date September 1, 2026.
Separately, HDFC Mutual Fund approved an IDCW distribution for its HDFC Balanced Advantage Fund. This open-ended balanced advantage fund saw its record date set earlier in the week.
- HDFC Balanced Advantage Fund: ₹0.250 per unit, record date August 25, 2026.
LIC Mutual Fund Expands Service Network
LIC Mutual Fund enhanced its investor accessibility by establishing a new Investor Service Centre (ISC) in Udupi, Karnataka. This facility will serve as an official point for accepting various transactions within its schemes.