Mutual Fund NFO: Bajaj Finserv Healthcare Fund and 16 Other New NFOs Open For Subscription This Week

What Is New Fund Offer?

A New Fund Offer (NFO) is the initial offering of units of a mutual fund scheme to the public for subscription. It allows investors to buy units at the scheme’s face value. NFOs are launched by asset management companies to raise capital and diversify their fund offerings.

List Of Upcoming NFO This Week

The Following Table has the list of Upcoming NFOs as of 06-12-2024

Introduction Of Upcoming NFO 2024

Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund

Axis CRISIL-IBX AAA Bond NBFC-HFC – Jun 2027 Index Fund is an open-ended index fund aiming to deliver returns aligned with the CRISIL-IBX AAA NBFC-HFC Index – Jun 2027, subject to tracking error. It offers Growth and IDCW options under Direct and Regular plans.

Bajaj Finserv Healthcare Fund

Bajaj Finserv Healthcare Fund is an open-ended sectoral fund focused on generating long-term capital appreciation by investing primarily in equity and equity-related securities of pharmaceutical, healthcare, and allied companies. It offers Growth and IDCW options under Direct and Regular plans.

Baroda BNP Paribas Childrens Fund

Baroda BNP Paribas Children’s Fund is an open-ended fund aiming for long-term growth by primarily investing in equity and equity-related instruments. It offers Growth and IDCW options under Direct and Regular plans.

Aditya Birla Sun Life Conglomerate Fund

Aditya Birla Sun Life Conglomerate Fund is an open-ended sectoral fund aiming for long-term capital appreciation by investing in equity and related securities of companies following a conglomerate theme. It offers Growth and IDCW options under Direct and Regular plans.

Samco Multi Asset Allocation Fund

Samco Multi Asset Allocation Fund is an open-ended multi-asset allocation fund aiming for long-term capital appreciation. It invests in a diversified portfolio of equities, debt, money market instruments, commodity derivatives, Gold ETFs, Silver ETFs, and units of REITs/InvITs. 

SBI Quant Fund

SBI Quant Fund is an open-ended sectoral fund aiming for long-term capital appreciation. It invests in equity and equity-related instruments selected using a quantitative model. The fund offers Growth and IDCW options under Direct and Regular plans.

Kotak Nifty 100 Equal Weight Index Fund

Kotak Nifty 100 Equal Weight Index Fund is an open-ended index fund aiming to deliver returns aligned with the Nifty 100 Equal Weight Index, subject to tracking errors. It offers Growth and IDCW options under Direct and Regular plans.

Kotak Nifty 50 Equal Weight Index Fund

Kotak Nifty 50 Equal Weight Index Fund is an open-ended index fund aiming to replicate the returns of the Nifty 50 Equal Weight Index, subject to tracking errors. It offers Growth and IDCW options under Direct and Regular plans.

Quantum Ethical Fund

Quantum Ethical Fund is an open-ended fund aiming for long-term capital appreciation by investing in equities of companies adhering to ethical principles. It offers Growth options under Direct and Regular plans.

Bank of India Consumption Fund

Bank of India Consumption Fund is an open-ended fund aiming for long-term capital appreciation by investing in equities of companies within the consumption and allied sectors. It offers Growth and IDCW options under Direct and Regular plans.

Union Active Momentum Fund

Union Active Momentum Fund is an open-ended fund aiming for long-term capital appreciation by investing in momentum stocks that demonstrate superior price performance trends. The portfolio is selected, weighted, and rebalanced using proprietary screens. It offers Growth and IDCW options under Direct and Regular plans.

Invesco India Multi Asset Allocation Fund

Invesco India Multi Asset Allocation Fund is an open-ended fund aiming to generate long-term capital appreciation or income through an actively managed portfolio across multiple asset classes. It offers Growth and IDCW options under Direct and Regular plans.

DSP Business Cycle Fund

DSP Business Cycle Fund is an open-ended fund aiming for long-term capital appreciation by investing in equities with a focus on leveraging business cycles through dynamic allocation across sectors, themes, and stocks. It offers Growth and IDCW options under Direct and Regular plans.

Groww Multicap Fund

Groww Multicap Fund is an open-ended multi-cap fund aiming for long-term capital appreciation by investing primarily in equity and related instruments across large, mid, and small-cap companies. It offers Growth and IDCW options under Direct and Regular plans.

Motilal Oswal Nifty Capital Market Index Fund

Motilal Oswal Nifty Capital Market Index Fund is an open-ended index fund aiming to replicate the performance of the Nifty Capital Market Total Return Index before expenses, subject to tracking errors. It offers Growth options under Direct and Regular plans.

Kotak Transportation & Logistics Fund

Kotak Transportation & Logistics Fund is an open-ended fund aiming for long-term capital appreciation by investing primarily in equity and related securities of companies in the transportation and logistics sector. It offers Growth and IDCW options under Direct and Regular plans.

Tata BSE Select Business Groups Index Fund

Tata BSE Select Business Groups Index Fund is an open-ended index fund aiming to deliver returns in line with the performance of the BSE Select Business Groups Index (TRI) before expenses, subject to tracking errors. It offers Growth and IDCW options under Direct and Regular plans.

New Fund Offering Mutual Funds List – FAQs

What Is New Fund Offer?

A New Fund Offer (NFO) is the initial offering of units of a mutual fund scheme to the public for subscription. It allows investors to buy units at the scheme’s face value. NFOs are launched by asset management companies to raise capital and diversify their fund offerings.

How Does NFO Work?

In a New Fund Offer (NFO), mutual fund companies launch a new fund. Investors can invest in this new fund during a specified period. Units are offered at an initial price, typically ₹10 per unit. After the NFO, the fund manager invests the collected amount in various assets, providing potential benefits to investors. This fund offers new opportunities in the market.

How To Check NFO Status?

To check NFO status, visit the official website of the asset management company (AMC) offering the fund. Look for the NFO section or announcements. Alternatively, check financial news websites, investment platforms, or contact your financial advisor for the latest updates and details.

What Are The Risks Of NFO?

The risks of investing in a New Fund Offer (NFO) primarily inNFO This Week: Complete List of Upcoming NFOs in 2024clude uncertainty, as there is no past performance to gauge future prospects. Additionally, market volatility can affect the value of the fund’s invested assets. Some NFOs have lock-in periods, making it difficult to sell units early, and initial launch expenses may be higher.

How Do You Calculate NFO?

To calculate a New Fund Offer (NFO), divide the total invested amount by the total number of fund units. This is typically at the initial price (usually ₹10 per unit). The fund manager invests the received amount in various assets. The performance of the NFO is monitored through its Net Asset Value (NAV), which is updated daily.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.