What Is a New Fund Offer (NFO)?
A New Fund Offer (NFO) is the initial sale of a mutual fund scheme to investors, allowing them to purchase units at a fixed price before the fund is officially launched. NFOs typically aim to raise capital for specific investment strategies.
Upcoming NFOs
Here is a list of Upcoming NFO Stock List as per 4/10/2024
Scheme Name | Type | Open Date | Close Date |
Kotak Nifty Midcap 150 Momentum Index Fund | Open Ended | 19-Sep-2024 | 03-Oct-2024 |
WhiteOak Capital Digital Bharat Fund | Open Ended | 20-Sep-2024 | 04-Oct-2024 |
HDFC Nifty LargeMidcap 250 Index Fund | Open Ended | 20-Sep-2024 | 04-Oct-2024 |
Groww Nifty India Defence ETF FOF | Open Ended | 23-Sep-2024 | 04-Oct-2024 |
LIC MF Manufacturing Fund | Open Ended | 20-Sep-2024 | 04-Oct-2024 |
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund | Open Ended | 25-Sep-2024 | 09-Oct-2024 |
ICICI Prudential Nifty200 Value 30 ETF | Open Ended | 30-Sep-2024 | 14-Oct-2024 |
ICICI Prudential Nifty200 Value 30 Index Fund | Open Ended | 30-Sep-2024 | 14-Oct-2024 |
Kotak MNC Fund | Open Ended | 07-Oct-2024 | 21-Oct-2024 |
Samco Multi Cap Fund | Open Ended | 10-Oct-2024 | 24-Oct-2024 |
Helios Large & Mid Cap Fund | Open Ended | 10-Oct-2024 | 24-Oct-2024 |
Introduction Of Upcoming NFO 2024
Kotak Nifty Midcap 150 Momentum Index Fund
Kotak Nifty Midcap 150 Momentum Index Fund aims to provide long-term capital appreciation by investing in stocks of mid-cap companies that demonstrate strong momentum. It seeks to replicate the Nifty Midcap 150 Momentum Index’s performance, offering investors exposure to dynamic mid-cap sectors with significant growth potential.
WhiteOak Capital Digital Bharat Fund
WhiteOak Capital Digital Bharat Fund focuses on investing in companies that are part of India’s digital ecosystem. The fund targets sectors such as technology, e-commerce, and digital services, aiming to capitalize on the rapid digital transformation in India, thereby providing potential long-term capital growth for investors.
HDFC Nifty LargeMidcap 250 Index Fund
HDFC Nifty LargeMidcap 250 Index Fund aims to replicate the performance of the Nifty LargeMidcap 250 Index. By investing in a diverse portfolio of large and mid-cap stocks, the fund seeks to provide investors with exposure to India’s dynamic equity market, targeting capital appreciation over the long term.
Groww Nifty India Defence ETF FOF
Groww Nifty India Defence ETF FOF is designed to invest in the Nifty India Defence ETF, providing investors with exposure to the Indian defence sector. The fund focuses on capitalizing on the growth opportunities arising from increased defence spending, offering a unique avenue for sector-specific investment.
LIC MF Manufacturing Fund
LIC MF Manufacturing Fund focuses on investing in companies within the manufacturing sector. The fund aims to benefit from India’s growing manufacturing capabilities and government initiatives, targeting long-term capital appreciation by investing in high-quality stocks of companies poised for growth in the manufacturing landscape.
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund
Baroda BNP Paribas Nifty200 Momentum 30 Index Fund aims to track the performance of the Nifty200 Momentum 30 Index. The fund focuses on investing in the top 30 momentum stocks, providing investors with exposure to high-performing companies while seeking long-term capital growth through a systematic investment approach.
ICICI Prudential Nifty200 Value 30 ETF
ICICI Prudential Nifty200 Value 30 ETF focuses on investing in value stocks within the Nifty200 universe. By targeting fundamentally strong companies with attractive valuations, the fund aims to provide long-term capital appreciation, offering investors an opportunity to benefit from the value investing strategy in the equity market.
ICICI Prudential Nifty200 Value 30 Index Fund
ICICI Prudential Nifty200 Value 30 Index Fund seeks to replicate the performance of the Nifty200 Value 30 Index. The fund invests in 30 value stocks with strong fundamentals, aiming for long-term capital appreciation. It offers a systematic investment approach, making it suitable for investors looking for value exposure.
Kotak MNC Fund
Kotak MNC Fund focuses on investing in multinational companies operating in India. The fund aims to provide long-term capital appreciation by investing in well-established firms with a global presence. It seeks to capitalize on the growth potential of these companies while offering investors diversification across various sectors.
Samco Multi Cap Fund
Samco Multi Cap Fund aims to provide long-term capital appreciation by investing across large, mid, and small-cap stocks. The fund follows a flexible investment strategy, allowing for diversified exposure to various sectors. It focuses on identifying high-potential companies, catering to investors seeking growth across different market capitalizations.
Helios Large & Mid Cap Fund
Helios Large & Mid Cap Fund seeks to invest in a mix of large and mid-cap companies, targeting long-term capital growth. The fund aims to identify quality businesses with robust growth potential across diverse sectors, offering investors a balanced portfolio that captures opportunities in both market segments.
NFO Mutual Fund – FAQs
A New Fund Offer (NFO) is the launch period for a mutual fund, allowing investors to purchase units at an initial price before the fund becomes available for regular trading.
An NFO works by inviting investors to buy mutual fund units at a fixed price during a specified period. After the NFO closes, the fund starts trading on exchanges at market value.
To apply for an NFO, log in to your brokerage platform like Alice Blue, select the NFO you wish to invest in, and complete the application process with your investment details.
Before investing in an NFO, consider the following factors:
Investment Objective: Align with your financial goals.
Fund Management: Research the fund manager’s track record.
Expense Ratio: Check management fees and costs.
Market Conditions: Evaluate current market trends.
Fund Strategy: Understand the investment strategy and asset allocation.
Tax implications for NFO investments depend on the type of mutual fund. Equity funds have a long-term capital gains tax of 10% above ₹1 lakh, while debt funds face a 20% tax with indexation benefits for long-term holdings.
To check NFO details and performance, visit the mutual fund’s official website or your brokerage platform, such as Alice Blue. Review the NFO document for scheme information and monitor ongoing performance through Alice Blue or financial news websites for updates.
NFOs are initial offerings of mutual funds available for a limited time, allowing investors to buy at a fixed price. In contrast, regular mutual funds can be purchased anytime at the prevailing market price after the NFO period ends.
To check NFO status, visit the mutual fund’s official website or your brokerage platform, such as Alice Blue. Look for the NFO section to find updates on the subscription period, fund performance, and when the fund will start trading.