Back to double digits
After two months of five launches each, 17 new schemes published their first NAV in July 2026, counting each fund's Direct plan, Growth option. That is still well short of the 29 that started in July 2025.
From January to July 2026 the total is 96, against 126 in the same seven months of 2025, both counted among funds still publishing a NAV in early August.
Two more scheme codes began in July and are left out: an unclaimed-redemption plan of Abakkus Liquid Fund and one of TrustMF Overnight Fund. They are holding plans inside existing funds, not new schemes.
The list
| First NAV | Scheme | Category |
|---|---|---|
| 1 Jul | WhiteOak Capital Aggressive Hybrid | Hybrid |
| 2 Jul | Motilal Oswal BSE Clean Environment Index | Index fund |
| 6 Jul | Choice Overnight | Debt |
| 7 Jul | HDFC Nifty Auto Index | Index fund |
| 13 Jul | Zerodha Life Cycle Fund 2036 | Life cycle |
| 13 Jul | Zerodha Life Cycle Fund 2041 | Life cycle |
| 14 Jul | Tata Multi Sector Passive FoF | Fund of funds |
| 20 Jul | ICICI Prudential Balanced Hybrid | Hybrid |
| 20 Jul | ICICI Prudential Multi-Asset Active FoF | Fund of funds |
| 20 Jul | JM Multi Asset Allocation | Hybrid |
| 20 Jul | SBI CRISIL-IBX SDL Index – June 2034 | Debt index fund |
| 24 Jul | Mirae Asset BSE Midcap 150 Momentum 30 ETF FoF | Fund of funds |
| 27 Jul | AlphaGrep Multi Asset Allocation | Hybrid |
| 28 Jul | Axis Nifty50 Equal Weight Index | Index fund |
| 29 Jul | Mirae Asset Nifty200 Momentum 30 Plus 8-13yr G-Sec 75:25 Index | Index fund |
| 30 Jul | Motilal Oswal BSE Midcap 150 Momentum 30 Index | Index fund |
| 30 Jul | TrustMF Large & Midcap | Large & mid cap |
Mixed portfolios lead
The month's clearest theme is funds that mix asset classes. Four hybrid funds started: two multi-asset allocation funds (JM and AlphaGrep), WhiteOak Capital's aggressive hybrid fund and ICICI Prudential's balanced hybrid fund. ICICI Prudential also launched a multi-asset fund-of-funds, and Mirae Asset an index fund that holds momentum stocks and government bonds 75:25.
Life-cycle funds arrived as their own category. Zerodha's two funds target 2036 and 2041 and sit in AMFI categories for 10- and 15-year maturities, a kind of product the list of earlier 2026 launches did not have.
Momentum, twice in a week. Mirae Asset's ETF fund-of-funds and Motilal Oswal's index fund both follow the BSE Midcap 150 Momentum 30 index, starting six days apart.
The rest were index funds on autos, clean-environment companies and an equal-weighted Nifty 50, one target-maturity state-loan fund from SBI, a multi-sector passive FoF from Tata, an overnight fund from Choice and one active equity fund, TrustMF Large & Midcap.
AlphaGrep Mutual Fund's multi-asset fund is its first scheme. It is one of four new houses that AMFI listed for April–June without an assets figure.
How they started
By 6 August 2026, 16 of the 17 new funds were above their first NAV. Two equity index funds can be checked against their index:
- HDFC Nifty Auto Index was up 6.70% from 7 July; the Nifty Auto price index rose 6.47% over the same days.
- Axis Nifty50 Equal Weight Index was up 2.56% from 28 July, against 2.51% for its index.
The one new equity fund below its first NAV was Motilal Oswal BSE Clean Environment Index, down 4.94% from 2 July.
What this does not tell you
A new fund has no record. Weeks of NAVs reflect when a fund started, not how it is run.
Counts are not money. This counts launches, not how much each raised.
The count misses ETFs. It is built from Direct Growth NAVs, which ETFs do not have.
Where to go from here
The guides to hybrid and balanced advantage funds and goal-based investing cover the ideas behind the month's multi-asset and life-cycle launches. For the first half of the year, see the new funds of June 2026, and for how the market moved in July, the July 2026 market recap.
Frequently asked questions
How many new mutual funds launched in July 2026?
17 new schemes published their first Direct Growth NAV in July 2026, after 5 in each of May and June. July 2025 had 29. Two unclaimed-redemption plans of existing liquid and overnight funds that also began in July are not counted.
How many mutual funds have launched in 2026 so far?
From January to July 2026, 96 new schemes began publishing a Direct Growth NAV, against 126 in the same months of 2025, counting funds still publishing a NAV in early August 2026.
What is a life cycle fund?
A fund built around a target year that shifts its mix from equity toward debt as that year approaches. Zerodha launched two in July 2026, Life Cycle Fund 2036 and Life Cycle Fund 2041, both on 13 July, in AMFI categories for 10-year and 15-year maturities.
This is commentary on published data, not investment advice. WealthTicker is not a SEBI-registered adviser or distributor. Figures are as of the dates stated and can be revised by their source.
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