NFO, commonly known as New Fund Offering, means the initial offering of units or shares of a mutual fund or Exchange-Traded Fund (ETF) to the public for subscription. It is essentially the process through which a new investment fund is launched and made available for investors. The process of NFO is similar to the IPO, …
Bajaj Finserv Asset Management Limited is pleased to announce the launch of the Bajaj Finserv Balanced Advantage Fund (BFBAF), an open-ended dynamic asset allocation fund. The fund will invest in a diversified mix of equity and fixed income securities, with the aim of providing investors with long-term capital appreciation while mitigating risk. The NFO for …
Edelweiss Mutual Fund has recently introduced a new investment avenue with the launch of the Edelweiss Silver ETF on November 16, 2023. This open-ended scheme, falling under the category of Other Scheme – Other ETFs, aims to generate returns aligned with the performance of physical silver in domestic markets, subject to a permissible tracking error. …
The Indian banking, financial services, and insurance (BFSI) sector is poised for significant growth in the coming years, driven by factors such as increasing financial inclusion, rising middle-class aspirations, and technological advancements. To capitalize on this promising opportunity, DSP Mutual Fund has launched the DSP Banking & Financial Services Fund through NFO, an open-ended equity …
The Axis US Treasury Dynamic Bond ETF Fund of Fund (NFO) is a new open-ended fund launched by Axis Mutual Fund on December 12th, 2023. It aims to provide regular income by investing in overseas ETFs focusing on US treasury securities of varying maturities (across duration). While offering diversification and potential for both interest income …
The Axis India Manufacturing Fund is an open-ended equity scheme that invests in equity and equity-related securities of companies engaged in manufacturing. The fund seeks to provide long-term capital appreciation by investing in Indian companies across three segments of the economy: those investing in production capacity and R&D for future gains, those within industries with …
As the financial landscape evolves in 2024, investors are always looking for promising opportunities to diversify their portfolios and maximise their returns. New Fund Offers (NFOs) present another avenue, offering investors a chance to participate in freshly launched mutual funds or investment schemes. March 2024 is set to usher in an array of NFOs, each …
The Mahindra Manulife Multi Asset Allocation Fund is a new open-ended hybrid mutual fund NFO launched on February 20, 2024, with an offer closing date of March 5, 2024. It aims for long-term capital appreciation and income by investing in a diversified mix of equity, debt, gold/silver ETFs, and commodity derivatives, with the asset allocation …
ICICI Prudential Fixed Maturity Plan – Series 89 – Plan G (of 91 days) – NFO is a close-ended income scheme launched by ICICI Prudential Mutual Fund. The scheme aims to generate income by investing in fixed-income securities maturing within the 91-day scheme period. There is no entry load, and since the scheme will be …
DSP Mutual Fund has launched a new open-ended Fund of Fund (FoF) scheme called “DSP US Treasury Fund of Fund” that invests in units of ETFs and/or Funds focused on US Treasury Bonds. The scheme’s objective is to generate income and long-term capital appreciation, but there is no guarantee of achieving this objective. The new …
