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 |
---|---|---|---|---|---|
PGIM India Retirement Fund - Regular (G) | Others | Retirement Fund | Mar 26, 2024 | Apr 09, 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 |
---|---|---|---|---|---|
Tata Nifty Realty Index Fund - Regular (G) | Others | Index Fund | Apr 08, 2024 | Apr 22, 2024 | Kapil Menon |
Tata Nifty Financial Services Index Fund-Reg (G) | Others | Index Fund | Apr 08, 2024 | Apr 22, 2024 | Kapil Menon |
Bandhan Innovation Fund - Regular (G) | Equity | Sectoral / Thematic | Apr 10, 2024 | Apr 24, 2024 | Manish Gunwani |
Tata Nifty MidSmall Healthcare Index Fund-Reg (G) | Others | Index Fund | Apr 08, 2024 | Apr 22, 2024 | Kapil Menon |
Tata Nifty Auto Index Fund - Regular (G) | Others | Index Fund | Apr 08, 2024 | Apr 22, 2024 | Kapil Menon |
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.
Kotak Mahindra Mutual Fund has announced changes in the benchmark indices below. The menti...
Quantum Mutual Fund has announced that Mr. Dhrrumil Panchal has been appointed as an Deale...
Zerodha Mutual Fund, a joint venture between Zerodha and smallcase, has achieved a signifi...
Edelweiss Mutual Fund has announced that Mr. Sumanta Khan shall be appointed as Fund Manag...
Bandhan Mutual Fund has announced change in exit load structure under Bandhan Multi Asset ...
Helios Mutual Fund has revised the SIP amount for Helios Flexi Cap Fund and Helios Balance...
Kotak Mahindra Mutual Fund has announced changes in the benchmark indices below. The menti...
Quantum Mutual Fund has announced that Mr. Dhrrumil Panchal has been appointed as an Deale...
Zerodha Mutual Fund, a joint venture between Zerodha and smallcase, has achieved a signifi...
Edelweiss Mutual Fund has announced that Mr. Sumanta Khan shall be appointed as Fund Manag...
Bandhan Mutual Fund has announced change in exit load structure under Bandhan Multi Asset ...
Helios Mutual Fund has revised the SIP amount for Helios Flexi Cap Fund and Helios Balance...
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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