New mutual funds in June 2026, and the first half

Five more, and half a year

Five new schemes published their first NAV in June 2026, counting each fund's Direct plan, Growth option, the same as in May. That closes the first half of the year at 79 new schemes, against 97 in January–June 2025, both counted among funds still publishing a NAV.

June's list

Two kinds of product dominate. SBI's pair are target-maturity funds: they hold government bonds and state development loans that mature close to a set date, December 2029 and July 2031, and wind up then. Groww's and Kotak's are factor index funds, which select stocks by a rule (momentum and quality, or high alpha with low volatility) instead of by market value.

The Wealth Company's large-and-mid-cap fund is the only active equity launch. It is the house's fourth scheme this year, after a balanced advantage fund, a gold fund-of-funds and a small-cap fund.

All five started well. By 6 July each was between 2.05% and 2.45% above its first NAV. The Nifty Smallcap 250, for comparison, rose 5.85% between 12 June and 6 July, and the Nifty 50 3.42%.

The first half in numbers

The year started strongly and then slowed sharply: 58 schemes in the first quarter and 21 in the second.

The fall against 2025 is almost entirely in index funds:

Index fund launches dropped by 16, debt funds by five. Active equity held roughly level, and fund-of-funds rose, mostly ETF wrappers: several of 2026's were built around a single gold, silver or sector ETF. Of the 22 active equity launches, 12 were sectoral or thematic, against 15 of 24 a year earlier.

By fund house, Groww and Kotak Mahindra launched seven each, SBI five, and Axis, Jio BlackRock and The Wealth Company four each. A year earlier Kotak Mahindra also led, with eight, followed by ICICI Prudential with six.

What this does not tell you

Counts are not money. A launch count says nothing about how much each new fund raised; a single large offer can matter more than ten small ones.

Survivors only. Both years are counted from funds still publishing a NAV in early July 2026, so closed or merged schemes from 2025 are not in its total.

The count leaves out ETFs and fixed maturity plans. It is built from Direct Growth NAVs of open-ended schemes.

Where to go from here

The guide to target maturity funds explains SBI's two launches, and factor investing and smart beta covers the rule-based index funds. For the months before, see the new funds of May 2026 and the new funds of March 2026, the busiest month of the half.