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 27-09-24:
| Scheme Name | Type | Open Date | Close Date |
| Mirae Asset Nifty Metal ETF | Open Ended | 20-Sep-2024 | 30-Sep-2024 |
| Mirae Asset Nifty PSU Bank ETF | Open Ended | 24-Sep-2024 | 30-Sep-2024 |
| 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 |
Introduction Of Upcoming NFO 2024
Mirae Asset Nifty Metal ETF
Mirae Asset Nifty Metal ETF is an open-ended exchange-traded fund that tracks the Nifty Metal Index. It provides investors with the opportunity to invest in India’s top metal companies, catering to those interested in the growing metal and mining sector in India.
Mirae Asset Nifty PSU Bank ETF
Mirae Asset Nifty PSU Bank ETF is an open-ended ETF that tracks the Nifty PSU Bank Index. It gives investors access to public sector banks and offers opportunities to benefit from government initiatives.
Kotak Nifty Midcap 150 Momentum Index Fund
Kotak Nifty Midcap 150 Momentum Index Fund is an open-ended fund that replicates the Nifty Midcap 150 Momentum Index. It provides investors with the chance to invest in mid-sized companies that demonstrate strong price momentum, presenting growth opportunities through mid-cap investments.
WhiteOak Capital Digital Bharat Fund
WhiteOak Capital Digital Bharat Fund is an open-ended equity scheme that invests in companies driving India’s digital transformation. This fund focuses on sectors such as technology, e-commerce, and fintech, allowing investors to benefit from India’s rapidly growing digital economy.
HDFC Nifty LargeMidcap 250 Index Fund
HDFC Nifty LargeMidcap 250 Index Fund is an open-ended index fund that tracks the performance of the Nifty LargeMidcap 250 Index. It offers investors the opportunity to invest in large and mid-cap companies, providing a broad portfolio of India’s leading firms.
Groww Nifty India Defence ETF FOF
Groww Nifty India Defence ETF FOF is an open-ended fund of funds that invests in the Nifty India Defence ETF. It offers investors the chance to invest in India’s defense sector, enabling them to capitalize on government policies and the growing demand in the defense industry.
LIC MF Manufacturing Fund
LIC MF Manufacturing Fund is an open-ended equity scheme that invests in manufacturing companies across various sectors. It provides investors with the opportunity to invest in India’s burgeoning manufacturing industry, a key driver of economic growth supported by government initiatives like “Make in India.”
New Fund Offering Mutual Funds List – FAQs
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.
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.
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.
The risks of investing in a New Fund Offer (NFO) primarily include 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.
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.
