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 |
---|---|---|---|---|---|
Aditya Birla SL CRISIL Broad Based Gilt ETF | Others | ETFs Fund | Jun 27, 2024 | Jul 01, 2024 | |
SBI Silver ETF Fund of Fund - Regular (G) | Others | FoFs Domestic | Jun 27, 2024 | Jul 05, 2024 | |
Bandhan Nifty Total Market Index Fund - Reg (G) | Others | Index Fund | Jun 24, 2024 | Jul 05, 2024 | |
AXIS Nifty 500 Index Fund - Regular (G) | Others | Index Fund | Jun 26, 2024 | Jul 09, 2024 | |
Mirae Asset Nifty EV and New Age Automotive ETF | Others | ETFs Fund | Jun 24, 2024 | Jul 05, 2024 | |
HDFC NIFTY100 Low Volatility 30 Index Fund-Reg (G) | Others | Index Fund | Jun 21, 2024 | Jul 05, 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 |
---|---|---|---|---|---|
Edelweiss Business Cycle Fund - Regular (G) | Equity | Sectoral / Thematic | Jul 09, 2024 | Jul 23, 2024 | Bhavesh Jain |
ICICI Pru Energy Opportunities Fund - Reg (G) | Equity | Sectoral / Thematic | Jul 02, 2024 | Jul 16, 2024 | Sankaran Naren |
Canara Robeco Balanced Advantage Fund - Reg (G) | Hybrid | Dynamic Asset Allocation or Balanced Advantage | Jul 12, 2024 | Jul 26, 2024 | Shridatta Bhandwaldar |
Mirae Asset Nifty200 Alpha 30 ETF FoF - Reg (G) | Others | FoFs Domestic | Jul 08, 2024 | Jul 22, 2024 | Ekta Gala |
Franklin India Multi Cap Fund - Regular (G) | Equity | Multi Cap Fund | Jul 08, 2024 | Jul 22, 2024 | R Janakiraman |
Shriram Nifty 1D Rate Liquid ETF | Others | ETFs Fund | Jul 01, 2024 | Jul 03, 2024 | Deepak Ramaraju |
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.
ICICI Prudential Mutual Fund has announced change in fund managers under the following sch...
Edelweiss Mutual Fund has announced change in fund managers under the following schemes, W...
Aditya Birla Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has ...
ICICI Prudential Mutual Fund has announced 02 July 2024 as the record date for declaration...
SBI Mutual Fund has announced change the benchmark index for the following schemes, with e...
SBI Mutual Fund has announced change in scheme name under the following scheme, with effec...
ICICI Prudential Mutual Fund has announced change in fund managers under the following sch...
Edelweiss Mutual Fund has announced change in fund managers under the following schemes, W...
Aditya Birla Mutual Fund has announced that New Fund Offer (NFO) Period of the Scheme has ...
ICICI Prudential Mutual Fund has announced 02 July 2024 as the record date for declaration...
SBI Mutual Fund has announced change the benchmark index for the following schemes, with e...
SBI Mutual Fund has announced change in scheme name under the following scheme, with effec...
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.