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 |
---|---|---|---|---|---|
Groww Nifty EV & New Age Automotive ETF FOF-Reg (G) | Others | FoFs Domestic | Jul 24, 2024 | Aug 07, 2024 | |
Invesco India Manufacturing Fund - Regular (G) | Equity | Sectoral / Thematic | Jul 25, 2024 | Aug 08, 2024 | |
Motilal Oswal Manufacturing Fund - Regular (G) | Equity | Sectoral / Thematic | Jul 19, 2024 | Aug 02, 2024 | |
Groww Nifty EV & New Age Automotive ETF | Others | ETFs Fund | Jul 22, 2024 | Aug 02, 2024 | |
Kotak NIFTY Midcap 50 Index Fund - Regular (G) | Others | Index Fund | Jul 25, 2024 | Aug 08, 2024 | |
Navi Nifty 500 Multicap 50:25:25 Index Fund-Reg (G) | Others | Index Fund | Jul 18, 2024 | Jul 30, 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 |
---|---|---|---|---|---|
ICICI Pru Nifty Metal ETF | Others | ETFs Fund | Aug 01, 2024 | Aug 12, 2024 | Nishit Patel |
Bajaj Finserv Large Cap Fund - Regular (G) | Equity | Large Cap Fund | Jul 29, 2024 | Aug 12, 2024 | Nimesh Chandan |
SBI Innovative Opportunities Fund - Regular (G) | Equity | Sectoral / Thematic | Jul 29, 2024 | Aug 12, 2024 | Prasad Padala |
HDFC Nifty500 Multicap 50:25:25 Index Fund-Reg (G) | Others | Index Fund | Aug 06, 2024 | Aug 20, 2024 | Nirman Morakhia |
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.
WhiteOak Capital Mutual Fund has announced that Mr. Nitin Shah, Equity Research Analyst h...
Kotak Mutual Fund has announced change in Fund Managers of the following schemes with imme...
Bandhan Mutual Fund has announced 30 July 2024 as the record date for declaration of Incom...
Mirae Asset Mutual Fund has announced change in exit load structure under following scheme...
Mirae Asset Mutual Fund has announced change the benchmark for the following schemes, with...
Axis Mutual Fund has announced change in exit load structure under following scheme stands...
WhiteOak Capital Mutual Fund has announced that Mr. Nitin Shah, Equity Research Analyst h...
Kotak Mutual Fund has announced change in Fund Managers of the following schemes with imme...
Bandhan Mutual Fund has announced 30 July 2024 as the record date for declaration of Incom...
Mirae Asset Mutual Fund has announced change in exit load structure under following scheme...
Mirae Asset Mutual Fund has announced change the benchmark for the following schemes, with...
Axis Mutual Fund has announced change in exit load structure under following scheme stands...
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.