
The mutual fund industry continues to expand with new investment opportunities, and May 2026 brings a couple of notable New Fund Offers (NFOs) for investors. These NFOs provide an entry point into fresh schemes at their initial offer price, typically set at ₹10 per unit. Investors looking to diversify their portfolios or explore new strategies may find these offerings worth considering.
Motilal Oswal Mutual Fund is launching its Contra Fund under the regular growth plan. This fund follows a contrarian investment strategy, aiming to invest in undervalued or out-of-favour stocks with long-term potential.
The NFO opens on May 8, 2026, and closes on May 22, 2026. The minimum investment amount is ₹500, making it accessible for retail investors. With an offer price of ₹10 per unit, the fund aims to attract investors seeking long-term capital appreciation through a disciplined, research-driven approach.
Axis Mutual Fund is introducing the Axis Nifty Capital Markets Index Fund, which is designed to track the performance of the Nifty Capital Markets Index. This fund provides exposure to companies operating in capital market-related businesses such as exchanges, asset management, and brokerage services.
The NFO for this fund opens on May 4, 2026, and closes on May 15, 2026. The minimum investment required is ₹100, making it highly accessible. Like most NFOs, it is offered at an initial price of ₹10 per unit. This fund may appeal to investors seeking passive exposure to the capital markets sector.
While NFOs can be attractive due to their low entry price, investors should evaluate factors such as fund objective, risk level, underlying assets, and the fund house’s track record. It is important to align investments with individual financial goals and risk tolerance rather than focusing solely on the novelty of a new scheme.
Also Read: Best Index Funds For May 2026!
The upcoming NFOs in May 2026 offer diverse investment approaches, from contrarian strategies to sector-focused index investing. These options can help investors broaden their portfolios and tap into different market opportunities. Apart from these, there may be other NFOs launching during May, so staying updated and reviewing each offering carefully can help in making informed investment decisions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a private recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.
Mutual Fund investments are subject to market risks, read all scheme-related documents carefully.
Published on: May 4, 2026, 10:28 AM IST

Nikitha Devi
Nikitha is a content creator with 7+ years of experience in the financial domain. Specialising in personal finance, investments, and market insights, Nikitha simplifies complex financial topics, making them accessible to readers.
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