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 |
---|---|---|---|---|---|
Kotak FMP - Series 330 - 98 Days - Regular (G) | Debt | Fixed Maturity Plans | Apr 25, 2024 | Apr 29, 2024 | |
HDFC Manufacturing Fund - Regular (G) | Equity | Sectoral / Thematic | Apr 26, 2024 | May 10, 2024 | |
Edelweiss Nifty Alpha Low Volatility 30 Index Fund-Reg (G) | Others | Index Fund | Apr 26, 2024 | May 10, 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 |
---|---|---|---|---|---|
Baroda BNP Paribas Retirement Fund - Reg (G) | Others | Retirement Fund | May 08, 2024 | May 22, 2024 | Pratish Krishnan |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF | Others | ETFs Fund | May 06, 2024 | May 17, 2024 | Ekta Gala |
Mirae Asset Nifty MidSmallcap400 Momentum Quality 100 ETF FoF-Reg (G) | Others | FoFs Domestic | May 10, 2024 | May 24, 2024 | Ekta Gala |
Samco Special Opportunities Fund - Regular (G) | Equity | Sectoral / Thematic | May 17, 2024 | May 31, 2024 | Paras Matalia |
JM Small Cap Fund - Regular (G) | Equity | Small Cap Fund | May 27, 2024 | Jun 10, 2024 | Asit Bhandarkar |
Aditya Birla SL Nifty PSE ETF | Others | ETFs Fund | May 02, 2024 | May 16, 2024 | Haresh Mehta |
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.
Baroda BNP Paribas Mutual Fund has announced 29 April 2024 as the record date for declarat...
Motilal Oswal Mutual Fund has announced that Mr. Niket Shah has been appointed as Chief I...
Motilal Oswal Mutual Fund has announced that Mr. Navin Agarwal has ceased to be Managing ...
TATA Mutual Fund has announced change in fund managers under the following schemes, with e...
Bandhan Mutual Fund has announced 29 April 2024 as the record date for declaration of Inco...
Motilal Oswal Mutual Fund has announced 29 April 2024 as the record date for declaration o...
Baroda BNP Paribas Mutual Fund has announced 29 April 2024 as the record date for declarat...
Motilal Oswal Mutual Fund has announced that Mr. Niket Shah has been appointed as Chief I...
Motilal Oswal Mutual Fund has announced that Mr. Navin Agarwal has ceased to be Managing ...
TATA Mutual Fund has announced change in fund managers under the following schemes, with e...
Bandhan Mutual Fund has announced 29 April 2024 as the record date for declaration of Inco...
Motilal Oswal Mutual Fund has announced 29 April 2024 as the record date for declaration o...
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.