Mutual Fund NFO: Tata India Innovation and 14 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 22-11-2024

Introduction Of Upcoming NFO 2024

HDFC Nifty India Digital Index Fund

HDFC Nifty India Digital Index Fund is an open-ended index fund aiming to replicate the performance of the Nifty India Digital Index (TRI) before fees and expenses, subject to tracking errors. It offers Growth options under Direct and Regular plans.

Axis Momentum Fund

Axis Momentum Fund is an open-ended fund aiming for long-term capital growth through an actively managed portfolio of equities with strong momentum. Security selection is driven by a quantitative model to maximize momentum exposure. It offers Growth and IDCW options under Direct and Regular plans.

Edelweiss CRISIL IBX AAA Financial Services – Jan 2028 Index Fund

Edelweiss CRISIL IBX AAA Financial Services – Jan 2028 Index Fund is an open-ended index fund aiming to replicate the CRISIL IBX AAA Financial Services – Jan 2028 Index by investing in AAA-rated corporate bonds maturing on or before January 2028. It offers Growth and IDCW options under Direct and Regular plans.

Mirae Asset Long Duration Fund

Mirae Asset Long Duration Fund is an open-ended fund aiming to generate returns through an actively managed portfolio of debt and money market instruments with a Macaulay duration of over 7 years. It offers Growth and IDCW options under Direct and Regular plans.

Franklin India Long Duration Fund

Franklin India Long Duration Fund is an open-ended fund focused on generating returns by investing in debt and money market instruments with a Macaulay duration of over 7 years. It offers Growth and IDCW options under Direct and Regular plans.

PGIM India Healthcare Fund

PGIM India Healthcare Fund is an open-ended sectoral/thematic fund focusing on generating consistent returns by investing primarily in equity and related securities of pharmaceutical and healthcare companies. It offers Growth and IDCW options under Direct and Regular plans.

Bandhan Nifty 200 Quality 30 Index Fund

Bandhan Nifty 200 Quality 30 Index Fund is an open-ended index fund aiming to replicate the Nifty 200 Quality 30 Index. It invests in the index’s securities proportionately to deliver returns, adjusted for expenses and tracking errors. Available in Growth options under Direct and Regular plans.

Shriram Multi Sector Rotation Fund

Shriram Multi-Sector Rotation Fund is an open-ended sectoral/thematic fund aiming for long-term capital appreciation. It uses a quantamental approach to invest in trending sectors based on earnings expectations, guided by a proprietary quantitative model and fundamental analysis. Available in Growth options under Direct and Regular plans.

ICICI Prudential Equity Minimum Variance Fund

ICICI Prudential Equity Minimum Variance Fund is an open-ended sectoral/thematic fund aiming for long-term capital appreciation by investing in a diversified equity portfolio designed to minimize volatility. It offers Growth and IDCW options under Direct and Regular plans.

Nippon India Nifty Realty Index Fund

Nippon India Nifty Realty Index Fund is an open-ended index fund aiming to deliver returns that mirror the Nifty Realty Index, adjusted for expenses and tracking errors.

Nippon India Nifty Auto Index Fund

Nippon India Nifty Auto Index Fund is an open-ended index fund aiming to provide returns aligned with the Nifty Auto Index, adjusted for expenses and tracking errors. It offers Growth and IDCW options in Direct and Regular plans.

Aditya Birla Sun Life BSE India Infrastructure Index Fund

Aditya Birla Sun Life BSE India Infrastructure Index Fund is an open-ended index fund aiming to match the returns of the BSE India Infrastructure Total Return Index, adjusted for expenses and tracking errors. It offers Growth and IDCW options in Direct and Regular plans.

Samco Arbitrage Fund

Samco Arbitrage Fund is an open-ended mutual fund focusing on arbitrage opportunities in equity markets. The fund aims to generate capital appreciation and income by investing in cash, derivative segments, and debt instruments.

Tata India Innovation Fund

Tata India Innovation Fund is an open-ended mutual fund focused on long-term capital appreciation by investing in innovative companies. The fund targets growth by supporting companies that adopt innovative strategies and themes.

UTI Nifty Alpha Low Volatility 30 Index Fund

UTI Nifty Alpha Low Volatility 30 Index Fund is an open-ended index fund aiming to match the total returns of its underlying index. It seeks to deliver returns aligned with the Nifty Alpha Low Volatility 30 Index, considering tracking errors.

UTI Nifty Midcap 150 Index Fund

UTI Nifty Midcap 150 Index Fund is an open-ended index fund designed to track the performance of the Nifty Midcap 150 Index. It aims to deliver returns corresponding to the underlying index’s total returns, accounting for tracking errors.

Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund

Axis CRISIL-IBX AAA Bond Financial Services – Sep 2027 Index Fund is an open-ended index fund aiming to closely track the CRISIL-IBX AAA Financial Services Index – Sep 2027. It seeks to provide returns aligned with the index, accounting for tracking errors.

Bajaj Finserv Consumption Fund 

Bajaj Finserv Consumption Fund is a mutual fund that invests primarily in the consumption sector. The fund seeks to generate high returns by investing in consumer-oriented companies such as FMCG, auto, retail and pharma. It aims to benefit from rising consumer spending.

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.