Upcoming NFO 2024 – NFO In Stock Market This Week

Upcoming NFO 2024

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

Following Table has the list of Ongoing or Upcoming NFO as of 20-07-24:

NameTypeOpen DateClose Date
Franklin India Multi Cap FundOpen Ended08-Jul-202422-Jul-2024
Mirae Asset Nifty 200 Alpha 30 ETF Fund of FundOpen Ended08-Jul-202422-Jul-2024
Edelweiss Business Cycle FundOpen Ended09-Jul-202423-Jul-2024
Kotak BSE PSU Index FundOpen Ended10-Jul-202424-Jul-2024
Canara Robeco Balanced Advantage FundOpen Ended12-Jul-202426-Jul-2024
Navi Nifty 500 Multicap 50:25:25 Index FundOpen Ended18-Jul-202430-Jul-2024

Introduction Of Upcoming NFO 2024

Franklin India Multi Cap Fund

Franklin India Multi Cap Fund is an open-ended equity fund that invests across large, mid, and small-cap stocks. It aims to provide long-term capital appreciation by leveraging opportunities in diverse market capitalizations, ensuring a balanced and diversified portfolio for investors.

Mirae Asset Nifty 200 Alpha 30 ETF Fund of Fund

Mirae Asset Nifty 200 Alpha 30 ETF Fund of Fund is an open-ended fund investing in the Mirae Asset Nifty 200 Alpha 30 ETF. It seeks to achieve long-term capital growth by replicating the performance of the Nifty 200 Alpha 30 Index, which focuses on high alpha-generating stocks.

Edelweiss Business Cycle Fund

Edelweiss Business Cycle Fund is an open-ended fund that aims to generate long-term capital appreciation. The fund invests predominantly in equity and equity-related securities, focusing on navigating business cycles through dynamic allocation between various sectors and stocks at different stages of business cycles in the economy.

Kotak BSE PSU Index Fund

Kotak BSE PSU Index Fund is an open-ended fund that aims to provide returns corresponding to the total returns of the securities represented by the underlying index, before expenses and subject to tracking errors.

Canara Robeco Balanced Advantage Fund

Canara Robeco Balanced Advantage Fund is an open-ended fund that aims to generate long-term capital appreciation along with income generation. The fund dynamically invests in equity and equity-related instruments, as well as debt and money market instruments.

Navi Nifty 500 Multicap 50:25:25 Index Fund

Navi Nifty 500 Multicap 50:25:25 Index Fund is an open-ended fund that aims to achieve returns equivalent to the Nifty 500 Multicap 50:25:25 Index by investing in stocks of companies comprising the index, subject to tracking error.

New Fund Offering Mutual Funds List – FAQs

1. 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.

2. 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.

3. 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.

4. What Are The Risks Of NFO?

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.

5. 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.

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