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Upcoming NFOs in May 2024

18 September 20244 mins read by Angel One
This article delves into the New Fund Offer openings scheduled for the upcoming month of May 2024 across various categories. Complete details inside.
Upcoming NFOs in May 2024
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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.

Upcoming NFOs in May 2024

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

Key Considerations Before Investing in NFO Funds

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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