A new fund offer (NFO) is a first-time subscription offer for a new scheme that has been launched by an asset management company. The fund house can launch an NFO around a theme or simply to complete their product basket. Once the NFO is over, the fund will reopen for subscription again and investors have the option to subscribe at the prevailing net asset value (NAV).
Fund/Scheme Name | Fund Category | Fund Sub-Category | Open Date | Close Date | Action |
---|---|---|---|---|---|
HDFC Pharma and Healthcare Fund - Regular (G) | Equity | Sectoral / Thematic | Sep 14, 2023 | Sep 28, 2023 | |
Mirae Asset S&P BSE Sensex ETF | Others | ETFs Fund | Sep 22, 2023 | Sep 26, 2023 |
Mentioned below are the steps to invest in NFO with ICICI Direct:
Fund/Scheme Name | Fund Category | Fund Sub-Category | Open Date | Close Date | Fund Manager |
---|---|---|---|---|---|
Groww Nifty Total Market Index Fund-Regular (G) | Others | Index Fund | Oct 03, 2023 | Oct 17, 2023 | Anupam Tiwari |
Bandhan Retirement Fund - Regular (G) | Others | Retirement Fund | Sep 28, 2023 | Oct 12, 2023 | Viraj Kulkarni |
UTI-Innovation Fund - Regular (G) | Equity | Sectoral / Thematic | Sep 25, 2023 | Oct 09, 2023 | Ankit Agarwal |
Kotak Nifty G-Sec July 2033 Index Fund-Reg (G) | Others | Index Fund | Sep 25, 2023 | Oct 09, 2023 | Abhishek Bisen |
An equity IPO is done by a single company, which often seeks capital for expansion or to give an exit to an existing investor. On the other hand, an NFO from a mutual fund collects money from investors and allocates that to a basket of securities (stocks or bonds or government securities and so on), based on a stated strategy.
Groww Mutual Fund has approved the merge its Groww Nifty 50 ETF and Groww Arbitrage Fund i...
Franklin Templeton Mutual Fund has announced 25 September 2023 as the record date for decl...
Axis Mutual Fund has announced 25 September 2023 as the record date for declaration of Inc...
Edelweiss Mutual Fund has announced 26 September 2023 as the record date for declaration o...
Navi Mutual Fund has announced that Ms. Priyanka Parakh has been appointed as the Head of ...
HSBC Mutual Fund has announced that Ms. Mittal Shah has been appointed as Sr. Vice Preside...
Groww Mutual Fund has approved the merge its Groww Nifty 50 ETF and Groww Arbitrage Fund i...
Franklin Templeton Mutual Fund has announced 25 September 2023 as the record date for decl...
Axis Mutual Fund has announced 25 September 2023 as the record date for declaration of Inc...
Edelweiss Mutual Fund has announced 26 September 2023 as the record date for declaration o...
Navi Mutual Fund has announced that Ms. Priyanka Parakh has been appointed as the Head of ...
HSBC Mutual Fund has announced that Ms. Mittal Shah has been appointed as Sr. Vice Preside...
New Fund Offering (NFO) is launched by an Asset Management Company (AMC) when they are going to offer a new category of funds to their investors. By issuing the NFO the AMC aims to raise capital to buy securities from the market and build the fund portfolio.
The working of an NFO is similar to that of the Initial Public Offering (IPO) in the primary markets. Both offerings are made to raise capital from investors to finance various activities and projects of the company.
Like mutual funds, NFOs are of different types. Following is a mention of various types of NFO to invest in:
Careful consideration is necessary before making any investment. If it’s a market-linked investment observing caution and being prepared is absolutely necessary. The following are important considerations you must make before investing in an NFO:
ICICI Securities Limited- AMFI registered Mutual Fund Distributor. Registered office of I-Sec is at ICICI Securities Ltd. (I-Sec) - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel: (91 22) 6807 7100, Fax: (91 22) 6807 7803. I-Sec is also a SEBI registered with SEBI as a Research Analyst vide registration no. INH000000990. AMFI Registration No.: ARN-0845. Mutual Fund Investments are subject to market risks, read all scheme related documents carefully. Please note, Mutual Fund related services are not Exchange traded products and I-Sec is just acting as distributor to solicit these products. All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon.