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).
Mentioned below are the steps to invest in NFO with ICICI Direct:
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.
Bank of India Mutual Fund has announced that Shinjini Kumar has been appointed as an Indep...
ICICI Prudential Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme ...
Nippon India Mutual Fund has announced 12 August 2022 as the record date for declaration o...
Motilal Oswal Mutual Fund has announced that Rama Shankar Sanghai has been appointed as an...
ITI Mutual Fund has announced change in fund managers under the following schemes, with ef...
ICICI Prudential Mutual Fund has announced change in fund managers under the following sch...
Bank of India Mutual Fund has announced that Shinjini Kumar has been appointed as an Indep...
ICICI Prudential Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme ...
Nippon India Mutual Fund has announced 12 August 2022 as the record date for declaration o...
Motilal Oswal Mutual Fund has announced that Rama Shankar Sanghai has been appointed as an...
ITI Mutual Fund has announced change in fund managers under the following schemes, with ef...
ICICI Prudential Mutual Fund has announced change in fund managers under the following sch...
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.