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A New Fund Offer (NFO) marks the beginning of a new mutual fund scheme. Through an NFO, the fund house invites investors to subscribe to units of the new scheme. It’s the initial phase when the fund is available for investment, usually with a set subscription period. Once this period ends, the NFO closes, and regular trading commences.
New Fund Offers are typically categorized into three main types based on the structure and features of the mutual fund schemes: open-ended, closed-ended, and interval funds.
During the NFO period, investors can subscribe to units at an initial offer price, typically nominal, such as Rs 10 per unit. Once the NFO period concludes, the fund is launched officially, allowing investors to buy or sell units at the Net Asset Value (NAV) on stock exchanges. The fund managers allocate capital raised during the NFO to various assets based on the fund’s objectives. It offers investors the chance to enter a new fund early with a low initial investment.
| Fund Name | Category | Sub-category | Issue Open | Issue Close | Min Investment Rs |
| ABSL Nifty PSE ETF – Growth | Equity | PSU | May-02 | May-16 | 500 |
| Baroda BNL Paribas Retirement Direct-Growth & IDCW | Hybrid | Aggressive Hybrid | May-08 | May-22 | 1000 |
| JM Small Cap Growth (Both Direct and Regular) | Equity | Small Cap | May-27 | Jun-10 | 5000 |
| Mirae Asset Nifty Mid-Small Cap 400 Momentum Quality 100 ETF Growth | Equity | Thematic | May-06 | May-17 | 5000 |
| Mirae Asset Nifty Mid-Small Cap 400 Momentum Quality 100 ETF FoF Growth (Both Direct and Regular) | Equity | Thematic | May-10 | May-24 | 5000 |
| Samco Special Opportunities Growth (Both Direct and Regular) | Equity | Thematic | May-17 | May-31 | 5000 |
Objective of the Fund: Evaluate the scheme’s objective thoroughly. Since the fund is new, it might have a distinct theme and objective. Ensure it aligns with your investment goals and risk tolerance.
Past Performance: Given the absence of past performance for the new scheme, examine the performance of similar schemes offered by the fund house. This can guide your investment decision.
Fund Manager: Assess the track record of the fund manager. Analyze the performance of other funds they manage to gauge their expertise and consistency. This can provide insight into the potential performance of the NFO Fund under their management.
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Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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