What Is New Fund Offer?
A New Fund Offer (NFO) is the initial offering of a mutual fund’s units to investors at a fixed price before launching the fund in the market. It provides an opportunity for early investment, allowing investors to benefit from future growth.
List Of Upcoming NFO In December 2024
Here’s a table showcasing the stocks with the Upcoming NFO in December 2024:
Scheme Name | Type | Open Date | Close Date |
Shriram Multi Sector Rotation Fund | Open Ended | 18-Nov-2024 | 02-Dec-2024 |
ICICI Prudential Equity Minimum Variance Fund | Open Ended | 18-Nov-2024 | 02-Dec-2024 |
Mirae Asset Long Duration Fund | Open Ended | 21-Nov-2024 | 02-Dec-2024 |
PGIM India Healthcare Fund | Open Ended | 19-Nov-2024 | 03-Dec-2024 |
Franklin India Long Duration Fund | Open Ended | 20-Nov-2024 | 04-Dec-2024 |
HDFC Nifty India Digital Index Fund | Open Ended | 22-Nov-2024 | 06-Dec-2024 |
Axis Momentum Fund | Open Ended | 22-Nov-2024 | 06-Dec-2024 |
Kotak Transportation & Logistics Fund | Open Ended | 25-Nov-2024 | 09-Dec-2024 |
Tata BSE Select Business Groups Index Fund | Open Ended | 25-Nov-2024 | 09-Dec-2024 |
Groww Multicap Fund | Open Ended | 26-Nov-2024 | 10-Dec-2024 |
Motilal Oswal Nifty Capital Market Index Fund | Open Ended | 26-Nov-2024 | 10-Dec-2024 |
Invesco India Multi Asset Allocation Fund | Open Ended | Nov 2024 | Dec 2024 |
DSP Business Cycle Fund | Open Ended | 27-Nov-2024 | 11-Dec-2024 |
Union Active Momentum Fund | Open Ended | 28-Nov-2024 | 12-Dec-2024 |
Bank of India Consumption Fund | Open Ended | 29-Nov-2024 | 13-Dec-2024 |
Introduction Of Upcoming NFO 2024
Shriram Multi Sector Rotation Fund
Shriram Multi Sector Rotation Fund is an open-ended scheme that invests in various sectors of the market. The fund rotates its sectoral allocations based on market conditions and growth prospects, offering investors the potential to benefit from sectoral shifts, maximizing returns while minimizing risks.
ICICI Prudential Equity Minimum Variance Fund
ICICI Prudential Equity Minimum Variance Fund focuses on investing in a diversified equity portfolio with a lower risk profile. By minimizing volatility, this fund seeks to deliver stable returns while maintaining an optimal risk-reward ratio for investors looking for balanced equity exposure.
Mirae Asset Long Duration Fund
Mirae Asset Long Duration Fund invests primarily in debt securities with long-term maturities. The fund aims to provide steady income through interest payments and capital appreciation, targeting investors seeking stability and potential returns from long-term debt market investments, especially in a declining interest rate environment.
PGIM India Healthcare Fund
PGIM India Healthcare Fund focuses on investing in the healthcare sector, including pharmaceuticals, biotechnology, and healthcare services. This sector-specific fund offers investors targeted exposure to India’s growing healthcare industry, which has shown resilience and growth potential over the years.
Franklin India Long Duration Fund
Franklin India Long Duration Fund is a debt-oriented mutual fund focused on long-duration bonds and securities. Intending to generate consistent income, this fund caters to investors seeking to benefit from favorable interest rate cycles and long-term capital appreciation in the debt market.
HDFC Nifty India Digital Index Fund
HDFC Nifty India Digital Index Fund aims to replicate the performance of the Nifty India Digital Index, which includes companies in the digital and technology space. The fund provides targeted exposure to India’s rapidly expanding digital economy, ideal for investors looking for growth in tech-driven sectors.
Axis Momentum Fund
Axis Momentum Fund is an equity fund that invests in stocks demonstrating strong momentum based on technical indicators and market trends. The fund focuses on companies with upward price momentum, aiming for capital appreciation through timely investments in growth-oriented sectors.
Kotak Transportation & Logistics Fund
Kotak Transportation & Logistics Fund invests in the transportation and logistics sectors, including road, rail, and air. The fund aims to capitalize on the growing demand for efficient transport solutions in India, offering investors targeted exposure to a sector poised for long-term growth.
Tata BSE Select Business Groups Index Fund
Tata BSE Select Business Groups Index Fund tracks the BSE Select Business Groups Index, comprising companies from select business groups with a strong market presence. The fund offers investors exposure to a diversified portfolio of well-established companies, aiming to deliver steady returns.
Groww Multicap Fund
Groww Multicap Fund is an equity fund that invests across large-cap, mid-cap, and small-cap stocks. It provides investors with a diversified portfolio of growth stocks from different market segments, aiming to achieve capital appreciation over the long term while maintaining a balanced risk profile.
Motilal Oswal Nifty Capital Market Index Fund
Motilal Oswal Nifty Capital Market Index Fund tracks the performance of the Nifty Capital Market Index, which includes stocks from India’s capital market sector. This fund provides exposure to financial services companies, focusing on stable returns from a sector integral to economic growth.
Invesco India Multi Asset Allocation Fund
Invesco India Multi Asset Allocation Fund is a diversified portfolio that invests across multiple asset classes, such as equities, debt, and commodities. This strategy aims to reduce risk through asset allocation while delivering consistent returns, suitable for investors looking for broad-based diversification.
DSP Business Cycle Fund
DSP Business Cycle Fund invests in sectors that are expected to perform well based on the current business cycle phase. The fund adjusts its allocations across sectors like manufacturing, services, and consumption, aiming to generate returns through strategic sectoral rotation.
Union Active Momentum Fund
Union Active Momentum Fund invests in stocks with strong upward momentum. The fund uses a dynamic strategy to invest in high-growth companies across sectors, providing exposure to stocks with favorable price movements, targeting capital appreciation through timely investment decisions.
Bank of India Consumption Fund
Bank of India Consumption Fund focuses on the consumption-driven sectors of the economy, including food, retail, and FMCG. The fund seeks to capitalize on the growing domestic consumption trend in India, aiming to provide long-term capital appreciation from these sectors.
Upcoming NFO 2024 List – FAQs
A New Fund Offer (NFO) is the first sale of a mutual fund’s units to investors at a fixed price before it is officially launched. It provides an opportunity for early investments in the fund.
The Net Asset Value (NAV) of an NFO is typically fixed at ₹10 during the offer period. Once the NFO closes, the NAV will fluctuate based on the market performance and the fund’s asset value.
To buy an NFO, investors can apply through a brokerage platform like Alice Blue, a mutual fund distributor, or directly via the fund’s website. The process involves filling out an application and paying the subscription amount before the offer closes.
NFOs may have higher management fees, no performance track record, and can be riskier. The initial valuation is often speculative, and early investors may face volatility in returns once the fund is launched in the market.
You cannot withdraw money from an NFO during the offer period, as the units are not yet allotted. Once the NFO closes and units are allotted, you can redeem them according to the fund’s terms.
Yes, after the NFO closes and units are allotted, you can sell (redeem) your NFO units in the secondary market or back to the fund, depending on the fund’s policies and redemption terms.