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 |
---|---|---|---|---|---|
Kotak FMP - Series 329 - 90 Days - Regular (G) | Debt | Fixed Maturity Plans | Mar 14, 2024 | Mar 19, 2024 | |
Nippon India FMP - XLVI - Series 5 - Reg (G) | Debt | Fixed Maturity Plans | Mar 12, 2024 | Mar 22, 2024 | |
Kotak Nifty AAA Bond Jun 2025 HTM Index Fund-Reg (G) | Others | Index Fund | Mar 15, 2024 | Mar 26, 2024 | |
Navi Nifty IT Index Fund (G) | Others | Index Fund | Mar 11, 2024 | Mar 22, 2024 | |
DSP S&P BSE Liquid Rate ETF | Others | ETFs Fund | Mar 15, 2024 | Mar 20, 2024 | |
HDFC NIFTY Realty Index Fund - Regular (G) | Others | Index Fund | Mar 07, 2024 | Mar 21, 2024 | |
Helios Balanced Advantage Fund - Regular (G) | Hybrid | Dynamic Asset Allocation or Balanced Advantage | Mar 11, 2024 | Mar 20, 2024 |
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 |
---|---|---|---|---|---|
PGIM India Retirement Fund - Regular (G) | Others | Retirement Fund | Mar 26, 2024 | Apr 09, 2024 | Vinay Paharia |
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.
HDFC Mutual Fund has announced 21 March 2024 as the record date for declaration of Income ...
Motilal Oswal Mutual Fund has announced change in exit load structure under Motilal Oswal ...
Axis Mutual Fund has announced 20 March 2024 as the record date for declaration of Income ...
Nippon India Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has ...
Kotak Mutual Fund has announced 20 March 2024 as the record date for declaration of Income...
Motilal Oswal Mutual Fund has announced 19 March 2024 as the record date for declaration o...
HDFC Mutual Fund has announced 21 March 2024 as the record date for declaration of Income ...
Motilal Oswal Mutual Fund has announced change in exit load structure under Motilal Oswal ...
Axis Mutual Fund has announced 20 March 2024 as the record date for declaration of Income ...
Nippon India Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has ...
Kotak Mutual Fund has announced 20 March 2024 as the record date for declaration of Income...
Motilal Oswal Mutual Fund has announced 19 March 2024 as the record date for declaration o...
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:
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