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NFO: List of Upcoming New Fund Offering

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What is an NFO?

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).

NFO (New Fund Offering) Mutual Fund

Fund/Scheme Name Fund Category Fund Sub-Category Open Date Close Date Action
Baroda BNP Paribas Retirement Fund - Reg (G) Others Retirement Fund May 08, 2024 May 22, 2024

SBI Automotive Opportunities Fund - Regular (G) Equity Sectoral / Thematic May 17, 2024 May 31, 2024

Bajaj Finserv Multi Asset Allocation Fund-Reg (G) Hybrid Multi Asset Allocation May 13, 2024 May 27, 2024

Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF-Reg (G) Others FoFs Domestic May 10, 2024 May 24, 2024

DSP Nifty Bank Index Fund - Regular (G) Others Index Fund May 15, 2024 May 27, 2024

Samco Special Opportunities Fund - Regular (G) Equity Sectoral / Thematic May 17, 2024 May 31, 2024

WhiteOak Capital Special Opportunities Fund-Reg (G) Equity Sectoral / Thematic May 15, 2024 May 29, 2024

How to invest in NFO with ICICI direct?

Mentioned below are the steps to invest in NFO with ICICI Direct:

  • Login to your ICICIdirect.com account Login to your ICICIdirect.com account
  • Go to Mutual Funds Go to Mutual Funds
  • Select a NFO/FMP under Mutual Funds login page Select a NFO/FMP under Mutual Funds login page
  • Provide investment details and confirm Provide investment details and confirm

Important Document

Upcoming NFO 2024

Fund/Scheme Name Fund Category Fund Sub-Category Open Date Close Date Fund Manager
Aditya Birla SL Crisil IBX Gilt June 2027 Index Fund-Reg (G) Others Index Fund May 22, 2024 Jun 04, 2024 Bhupesh Bameta
Mahindra Manulife Manufacturing Fund - Reg (G) Equity Sectoral / Thematic May 31, 2024 Jun 14, 2024 Renjith Sivaram
Motilal Oswal Multi Cap Fund - Regular (G) Equity Multi Cap Fund May 28, 2024 Jun 11, 2024 Ajay Khandelwal
JM Small Cap Fund - Regular (G) Equity Small Cap Fund May 27, 2024 Jun 10, 2024 Asit Bhandarkar
Kotak Nifty 100 Low Volatility 30 Index Fund-Reg (G) Others Index Fund May 22, 2024 May 31, 2024 Abhishek Bisen

COMPARING NFO WITH EQUITY IPO

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.

A complete guide for mutual fund investments. Click on the link to read the ICICIdirect Monthly MF Report .

NFO Video

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Step into the Amrit Kaal with HDFC Manufacturing Fund with Mr. Ashok Kanawala, HDFC AMC LTD.

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Introducing Baroda BNP Paribas Retirement Fund

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Balance Aur Flexibility Zaroori Hain _ SBI Mutual Fund

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Ups & Downs are a part of life - Bumpy Ride _ Marathi

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Sundaram Multi Asset Allocation Fund

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Panic Nahi, Patience Sahi _ Bouncer – English

Podcast

Mr. Chirag Patel and Mr. Manuj Jain discuss about WhiteOak Capital Balanced Advantage Fund

WhiteOak Balanced Advantage Fund by Mr. Prateek Pant, Chief Business Officer, WhiteOak Capital Asset Management.

Introduces WhiteOak Large Cap Fund by Mr. Ramesh Mantri, CIO – WhiteOak AMC

Mutual Fund News

  • Latest News
Edelweiss Nifty Alpha Low Volatility 30 Index Fund¿Announces change in Exit Load Structure

Edelweiss Mutual Fund has announced that the Exit Load structure of the following scheme o...

May 17, 2024 11:48
Mirae Asset launches new ETF focused on high-growth mid and small cap companies

Mirae Asset Mutual Fund announced the launch of a new Exchange Traded Fund (ETF) called th...

May 16, 2024 14:53
SBI Mutual Fund Announces Appointment of Key Personnel

SBI Mutual Fund has announced that Mr. Ashutosh Khajuria has been appointed as an Indepen...

May 16, 2024 12:08
OLD BRIDGE Mutual Fund Announces Appointment of Key Personnel

OLD BRIDGE Mutual Fund has announced that Mr. Pawan Rathi has been appointed as an Invest...

May 16, 2024 11:56
Baroda BNP Paribas Mutual Fund Announces change in Registered Office Address

Baroda BNP Paribas Mutual Fund announced that the following changes made to the new addres...

May 15, 2024 12:34
Bajaj Finserv Nifty 1D Rate Liquid ETF Announces Extension of NFO period

Bajaj Finserv Mutual Fund has announced that theclosing date of New Fund Offer(NFO) of Ba...

May 15, 2024 12:19
Edelweiss Nifty Alpha Low Volatility 30 Index Fund¿Announces change in Exit Load Structure

Edelweiss Mutual Fund has announced that the Exit Load structure of the following scheme o...

May 17, 2024 11:48
Mirae Asset launches new ETF focused on high-growth mid and small cap companies

Mirae Asset Mutual Fund announced the launch of a new Exchange Traded Fund (ETF) called th...

May 16, 2024 14:53
SBI Mutual Fund Announces Appointment of Key Personnel

SBI Mutual Fund has announced that Mr. Ashutosh Khajuria has been appointed as an Indepen...

May 16, 2024 12:08
OLD BRIDGE Mutual Fund Announces Appointment of Key Personnel

OLD BRIDGE Mutual Fund has announced that Mr. Pawan Rathi has been appointed as an Invest...

May 16, 2024 11:56
Baroda BNP Paribas Mutual Fund Announces change in Registered Office Address

Baroda BNP Paribas Mutual Fund announced that the following changes made to the new addres...

May 15, 2024 12:34
Bajaj Finserv Nifty 1D Rate Liquid ETF Announces Extension of NFO period

Bajaj Finserv Mutual Fund has announced that theclosing date of New Fund Offer(NFO) of Ba...

May 15, 2024 12:19

NFO FAQs

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:

    • Open-ended funds
    • An Open-ended fund is the most popular type of mutual fund to invest in. There is no restriction to the fund units you can buy or sell at any given time. Given this, the number of units held in your portfolio keeps changing. The new units you will buy will be purchased at Net Asset Value (NAV) which was determined before. This gives you a chance to maximize your returns in the long run.

 

    • Close-ended funds
    • Close-ended funds are based on a fixed corpus. Once the fund subscription period is over, no addition can be made to your portfolio. The fund’s NAV is determined considering the total number of units with respect to the total value of their underlying assets.

 

    • Exchange Traded Funds
    • Exchange Traded Fund is like a mutual fund which can be traded on the stock market like a normal stock. An AMC can come up with a New Fund Offering for ETFs as well. There are no restrictions on the buying and selling of fund units.

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:

  • Cost: The mutual fund houses can levy a certain amount of exit loads on redemption of the mutual fund schemes before its tenure. It is necessary to check the overall cost before investing in an NFO as it can impact the returns. Moreover, the expense ratio of the fund should also be considered.
  • Securities: Investors should check the types of stock market instruments that the mutual fund scheme will invest in. These details about the portfolios can be obtained from the offer documents.
  • AMC reputation: You must know the reputation of AMC in the market and its historical performance. Check the performance and current positioning of AMC’s previous NFOs. As you are likely to invest a significant sum you also need to make sure that AMC is trustable and reputable.
  • Personal finances: You must grasp your personal finance before making an investment. Chalk out an effective plan of action considering your investment goals and financial requirements. This will help you choose the right investment instrument.
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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.