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The Latest NFOs Launching in October 2024 – Check Out the Full NFO List Now!

The new fund offerings in October 2024 present diverse investment opportunities, allowing investors to enhance portfolio diversification and growth potential across multiple sectors in today's dynamic market.
The Latest NFOs Launching in October 2024 – Check Out the Full NFO List Now!

What Is New Fund Offer?

A New Fund Offer (NFO) is the first chance for investors to subscribe to a newly launched fund from an investment firm. This allows investors to buy units at an initial price, aiming to capitalize on potential growth once the fund begins trading.

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List Of Upcoming NFO In October 2024

Here’s a table showcasing the stocks with the Upcoming NFO in October 2024:

Scheme NameTypeOpen DateClose Date
Mirae Asset Gold ETF Fund of FundOpen Ended16-Oct-202422-Oct-2024
SBI Nifty India Consumption Index FundOpen Ended16-Oct-202425-Oct-2024
Groww Gold ETF FOFOpen Ended16-Oct-202430-Oct-2024
Nippon India CRISIL – IBX AAA Financial Services – Dec 2026 Index FundOpen Ended15-Oct-202421-Oct-2024
Nippon India CRISIL – IBX AAA Financial Services – Jan 2028 Index FundOpen Ended15-Oct-202421-Oct-2024
Bandhan Nifty 500 Momentum 50 Index FundOpen Ended14-Oct-202424-Oct-2024
Bandhan Nifty 500 Value 50 Index FundOpen Ended14-Oct-202424-Oct-2024
Baroda BNP Paribas NIFTY Midcap 150 Index FundOpen Ended14-Oct-202428-Oct-2024
Motilal Oswal Digital India FundOpen Ended11-Oct-202425-Oct-2024
WhiteOak Capital ESG Best-In-Class Strategy FundOpen Ended11-Oct-202425-Oct-2024
TRUSTMF Small Cap FundOpen Ended11-Oct-202425-Oct-2024
Edelweiss Nifty500 Multicap Momentum Quality 50 ETFOpen Ended11-Oct-202425-Oct-2024
Edelweiss Nifty500 Multicap Momentum Quality 50 Index FundOpen Ended11-Oct-202425-Oct-2024
Samco Multi Cap FundOpen Ended10-Oct-202424-Oct-2024
Helios Large & Mid Cap FundOpen Ended10-Oct-202424-Oct-2024
Mirae Asset Nifty Total Market Index FundOpen Ended8-Oct-202422-Oct-2024
Tata Nifty Capital Markets Index FundOpen Ended7-Oct-202421-Oct-2024
Kotak MNC FundOpen Ended7-Oct-202421-Oct-2024
Groww Nifty India Defence ETF FOFOpen Ended04-10-202418-10-2024
LIC MF Manufacturing FundOpen Ended04-10-202416-10-2024
WhiteOak Capital Digital Bharat FundOpen Ended04-10-202414-10-2024
HDFC Nifty LargeMidcap 250 Index FundOpen Ended04-10-202415-10-2024
Kotak Nifty Midcap 150 Momentum 50 Index FundOpen Ended03-10-202408-10-2024

Introduction Of Upcoming NFO 2024

Mirae Asset Gold ETF Fund of Fund

Mirae Asset Gold ETF Fund of Fund invests in units of Mirae Asset Gold ETF. It provides exposure to gold, aiming for long-term returns that correspond to the performance of gold as an asset. Available in both Growth and Regular options.

SBI Nifty India Consumption Index Fund

SBI Nifty India Consumption Index Fund tracks the Nifty India Consumption Index, offering investors exposure to companies benefiting from consumption growth in India. It aims to deliver returns by investing in sectors like FMCG, healthcare, and consumer durables.

Groww Gold ETF FOF

Groww Gold ETF Fund of Fund invests in the Groww Gold ETF, giving investors easy access to gold as an asset class. It aims to mirror the returns of physical gold while offering a liquid and cost-efficient method to invest in gold.

Nippon India CRISIL – IBX AAA Financial Services – Dec 2026 Index Fund

Nippon India CRISIL – IBX AAA Financial Services – Dec 2026 Index Fund invests in AAA-rated bonds maturing in December 2026. It provides stable returns by tracking the CRISIL-IBX AAA Index, offering safety with a target maturity approach.

Nippon India CRISIL – IBX AAA Financial Services – Jan 2028 Index Fund

Nippon India CRISIL – IBX AAA Financial Services – Jan 2028 Index Fund invests in AAA-rated bonds maturing in January 2028. It aims for predictable returns by replicating the CRISIL-IBX AAA Index, providing low-risk exposure to high-quality financial institutions.

Bandhan Nifty 500 Momentum 50 Index Fund

Bandhan Nifty 500 Momentum 50 Index Fund replicates the Nifty 500 Momentum 50 Index, aiming to track its total returns before expenses, subject to tracking errors. It offers a Growth option, with both Direct and Regular plans available.

Bandhan Nifty 500 Value 50 Index Fund

Bandhan Nifty 500 Value 50 Index Fund follows the Nifty 500 Value 50 Index, focusing on value-oriented companies within the Nifty 500. The fund seeks to provide returns by tracking companies that are considered undervalued compared to their intrinsic worth.

Baroda BNP Paribas NIFTY Midcap 150 Index Fund

Baroda BNP Paribas NIFTY Midcap 150 Index Fund tracks the Nifty Midcap 150 Index, offering exposure to midcap companies across various sectors. It aims to deliver growth potential by focusing on companies with strong growth prospects in India’s midcap space.

Motilal Oswal Digital India Fund

Motilal Oswal Digital India Fund invests in companies that are part of India’s growing digital and IT ecosystem. The fund focuses on technology, telecom, and related industries, aiming to capture the digital revolution’s long-term growth potential.

WhiteOak Capital ESG Best-In-Class Strategy Fund

WhiteOak Capital ESG Best-In-Class Strategy Fund invests in companies with strong Environmental, Social, and Governance (ESG) practices. The fund aims to offer sustainable long-term growth by identifying businesses that demonstrate responsible ESG practices while driving superior financial performance.

TRUSTMF Small Cap Fund

TRUSTMF Small Cap Fund invests in a diversified portfolio of small-cap companies, aiming for long-term capital appreciation. The fund focuses on identifying small but high-growth potential companies across sectors, offering significant upside in emerging businesses.

Edelweiss Nifty500 Multicap Momentum Quality 50 ETF

Edelweiss Nifty500 Multicap Momentum Quality 50 ETF replicates the Nifty500 Multicap Momentum Quality 50 Index, focusing on companies with high momentum and strong quality characteristics. It provides investors with diversified exposure to growth-oriented companies across large, mid, and small-cap segments.

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund

Edelweiss Nifty500 Multicap Momentum Quality 50 Index Fund tracks the Nifty500 Multicap Momentum Quality 50 Index, providing a diversified portfolio of high-momentum, high-quality stocks across market caps. The fund aims to deliver long-term growth by following disciplined factor-based investing.

Samco Multi Cap Fund

Samco Multi Cap Fund invests across large, mid, and small-cap companies, focusing on a diversified portfolio. It aims to provide long-term capital appreciation by targeting businesses with competitive advantages and growth potential across market segments.

Helios Large & Mid Cap Fund

Helios Large & Mid Cap Fund invests in both large-cap and mid-cap companies, aiming to balance growth and stability. The fund focuses on companies with strong fundamentals and growth potential, offering a blend of long-term stability and mid-cap growth.

Mirae Asset Nifty Total Market Index Fund

Mirae Asset Nifty Total Market Index Fund tracks the Nifty Total Market Index, providing exposure to the entire Indian equity market. The fund offers a broad-based investment in large, mid, and small-cap stocks, aiming for long-term market-driven returns.

Tata Nifty Capital Markets Index Fund

Tata Nifty Capital Markets Index Fund replicates the Nifty Capital Markets Index, investing in companies involved in the financial markets, including stock exchanges, asset management, and brokerage firms. The fund aims to capitalize on India’s growing financial sector.

Kotak MNC Fund

Kotak MNC Fund invests in multinational companies (MNCs) operating in India. The fund focuses on businesses with strong global brands and consistent profitability, providing exposure to companies with superior corporate governance and stable earnings across industries.

Upcoming NFO 2024 List – FAQs

1. What Is NFO?  

A New Fund Offer (NFO) signifies the initial launch of a new fund by an investment firm. In this phase, fund units are sold at a starting price, allowing early investors to purchase at a potentially lower cost before the fund opens to the general public.

2. How Do You Calculate NFO?  

NFOs are determined by the asset management company launching the fund, rather than calculated. Usually, the initial price is fixed, such as Rs. 10 per unit, and may change after the launch based on market conditions and fund performance.

3. How To Buy NFO?  

To purchase an NFO via Alice Blue, first register and log into your account on their platform. Navigate to the mutual funds section, select the desired NFO, and follow the instructions to complete your investment. Alice Blue simplifies the process, making transactions easy.

4. What Are The Disadvantages Of NFO?  

The drawbacks of NFOs include their lack of a proven track record, which makes evaluation risky. High initial marketing costs can diminish early investment returns, and NFOs may not offer significant advantages over established funds with recognized performance histories.

5. Can We Withdraw Money From NFO?  

You can withdraw from an NFO, but the withdrawals are subject to the fund’s lock-in period and any associated exit fees. Meeting these conditions is essential for redemption, as early withdrawals may incur penalties or reduce returns.

6. Can I Sell NFO?  

Yes, NFO units can be sold after they are listed, which usually occurs once the NFO period ends. Selling is contingent on the fund’s market demand and liquidity, with transactions processed through the platform where the units are held.

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