MF Update: NFOs open currently
A new fund offer (NFO) is similar to Initial Public offerings (IPO) of a company. It is the first time offer for subscription from newly launched fund. The NFO’s are launched to raise the capital in respect to buy the securities or bonds or the stocks and shares for the fund from the market.
With the increasing awareness and increasing interest of the investors many of the mutual fund houses came up with the NFOs with different themes. Find the new fund offers currently open.
There are 16 NFO currently open of which 15 are closed ended funds and remaining one is an open ended fund.