What Is New Fund Offer?
A New Fund Offer (NFO) represents the initial subscription opportunity for a newly launched fund by an investment firm. Investors have the chance to purchase units at an introductory price, with the goal of benefiting from potential growth once the fund starts trading in the market.
List Of Upcoming NFO In September 2024
Here’s a table showcasing the stocks with the Upcoming NFO in September 2024:
| Scheme Name | Category | Type | Open Date | Close Date |
| Tata Nifty200 Alpha 30 Index Fund | Others-Index Funds/ETFs | Open Ended | 19-Aug-24 | 02-Sep-24 |
| WhiteOak Capital Arbitrage Fund | Hybrid-Arbitrage Fund | Open Ended | 28-Aug-24 | 03-Sep-24 |
| Bandhan BSE Healthcare Index Fund | Equity-Sectoral/Thematic | Open Ended | 21-Aug-24 | 03-Sep-24 |
| Union Multi Asset Allocation Fund | Hybrid-Multi Asset Allocation | Open Ended | 20-Aug-24 | 03-Sep-24 |
| ITI Large & Mid Cap Fund | Equity-Large & Mid Cap Fund | Open Ended | 21-Aug-24 | 04-Sep-24 |
| Nippon India Nifty 500 Equal Weight Index Fund | Others-Index Funds/ETFs | Open Ended | 21-Aug-24 | 04-Sep-24 |
| Groww Nifty India Defence ETF | Others-Index Funds/ETFs | Open Ended | 22-Aug-24 | 05-Sep-24 |
| PGIM India Multi Cap Fund | Equity-Multi Cap Fund | Open Ended | 22-Aug-24 | 05-Sep-24 |
| Baroda BNP Paribas Dividend Yield Fund | Equity-Dividend Yield Fund | Open Ended | 22-Aug-24 | 05-Sep-24 |
| Axis Consumption Fund | Equity-Sectoral/Thematic | Open Ended | 23-Aug-24 | 06-Sep-24 |
| UTI Nifty Private Bank Index Fund | Others-Index Funds/ETFs | Open Ended | 02-Sep-24 | 16-Sep-24 |
| Invesco India Technology Fund | Equity-Sectoral/Thematic | Open Ended | 03-Sep-24 | 17-Sep-24 |
| Franklin India Medium To Long Duration Fund | Debt-Medium to Long Duration Fund | Open Ended | 03-Sep-24 | 17-Sep-24 |
Introduction Of Upcoming NFO 2024
DSP Nifty Top 10 Equal Weight ETF
DSP Nifty Top 10 Equal Weight ETF offers diversified exposure to the top 10 NSE stocks, balanced equally, aiming to replicate the performance of the Nifty Top 10 Equal Weight Index. This approach reduces concentration risk and provides a more balanced portfolio exposure.
DSP Nifty Top 10 Equal Weight Index Fund
DSP Nifty Top 10 Equal Weight Index Fund aims to track the returns of the Nifty Top 10 Equal Weight Index by investing in the index’s top ten stocks in equal proportions. It seeks to benefit from the equal weighting strategy which can potentially outperform market-cap-weighted indices.
Tata Nifty200 Alpha 30 Index Fund
Tata Nifty200 Alpha 30 Index Fund seeks to track the performance of the Nifty200 Alpha 30, investing in 30 stocks from Nifty 200 based on their alpha scores. The fund’s strategy focuses on stocks that have the potential to provide higher returns relative to the market.
WhiteOak Capital Arbitrage Fund
WhiteOak Capital Arbitrage Fund focuses on exploiting pricing inefficiencies between cash and derivative markets to generate returns, suitable for investors seeking low-risk investments. It is ideal for investors looking for relatively safe returns in volatile markets.
Bandhan BSE Healthcare Index Fund
Bandhan BSE Healthcare Index Fund invests in stocks of the BSE Healthcare Index, targeting growth by leveraging the potential of the healthcare sector. The fund aims to capture sectoral growth driven by increasing demand for healthcare services and pharmaceutical products.
Union Multi Asset Allocation Fund
Union Multi Asset Allocation Fund diversifies investments across asset classes like equity, debt, and gold, aiming for balanced growth and risk mitigation. This strategic allocation helps in managing volatility and providing a steady return profile over long periods.
ITI Large & Mid Cap Fund
ITI Large & Mid Cap Fund invests in a mix of large and mid-cap stocks, striving for high growth potential from mid-caps and stability from large caps. This blend allows the fund to capture growth while maintaining a stable investment base.
Nippon India Nifty 500 Equal Weight Index Fund
Nippon India Nifty 500 Equal Weight Index Fund aims to mirror the performance of the Nifty 500 Equal Weight Index, providing broad market exposure by equally weighting its constituents. This equal weight strategy helps in avoiding market biases towards larger stocks and promotes portfolio diversification.
Groww Nifty India Defence ETF
Groww Nifty India Defence ETF targets the defense sector, aiming to track the performance of the Nifty India Defence Index, focusing on companies in this strategic industry. The fund is positioned to benefit from increased defense spending and indigenous manufacturing initiatives.
PGIM India Multi Cap Fund
PGIM India Multi Cap Fund invests across large, mid, and small-cap stocks aiming to offer balanced exposure and potential for significant capital appreciation. It is designed to take advantage of the different cycles in market cap segments, enhancing potential returns.
Baroda BNP Paribas Dividend Yield Fund
Baroda BNP Paribas Dividend Yield Fund focuses on stocks that are likely to yield high dividends, aiming to provide investors with steady income along with potential capital appreciation. This strategy suits income-focused investors looking for regular payouts and long-term growth.
Axis Consumption Fund
Axis Consumption Fund aims to capitalize on the growth potential of the Indian consumption sector, investing in companies that benefit directly from domestic demand. The fund’s strategy is particularly relevant in a rapidly growing consumer market like India, offering significant growth opportunities.
UTI Nifty Private Bank Index Fund
UTI Nifty Private Bank Index Fund aims to replicate the Nifty Private Bank Index, investing predominantly in stocks of private banking sectors, offering potential growth aligned with the private banking industry’s performance.
Invesco India Technology Fund
Invesco India Technology Fund focuses on equities in the technology sector, aiming to capitalize on the growth of Indian tech companies. It targets long-term capital appreciation by investing in a diversified portfolio of technology-driven businesses.
Franklin India Medium To Long Duration Fund
Franklin India Medium To Long Duration Fund invests in medium to long-duration debt instruments, seeking to provide investors with regular income and capital appreciation. The fund targets debt securities with varying maturities to balance yield, duration, and risk.
Upcoming NFO 2024 List – FAQs
A New Fund Offer (NFO) marks the launch phase of a new fund by an investment firm. During this phase, fund units are sold at an introductory price, giving early investors a chance to buy in at a potentially lower cost before the fund is available to the general public.
NFOs are not calculated but set by the asset management company introducing the fund. Typically, the initial price is a fixed amount, like Rs. 10 per unit, which may vary post-launch depending on market dynamics and fund performance.
To buy an NFO through Alice Blue, register and log into your account on their platform, go to the mutual funds section, choose the NFO you want, and follow the provided steps to make your investment. Alice Blue streamlines the process, facilitating easy transactions.
Drawbacks of NFOs include their unproven track record, which introduces risk in evaluation. High initial marketing expenses might lower initial investment returns. Additionally, NFOs might not always present advantages over established funds with known performance histories.
You can withdraw from an NFO, but withdrawals are governed by the fund’s lock-in period and any applicable exit fees. Fulfilling these terms is necessary before redemption. Premature withdrawals may lead to penalties or diminished returns.
Yes, NFO units can be sold post-listing when trading starts, typically after the NFO period concludes. Selling depends on the fund’s market demand and liquidity, with transactions carried out through the platform where the units are maintained.
