Mutual Fund Update: New Fund Offer (NFO)
We will look at the funds which are open for subscription this week, there are three funds offering open-ended as well as one close-ended scheme. There are two open-ended schemes, one of which is an equity-oriented scheme and the second one is other scheme offering ETF whereas, close-ended fund is a fixed maturity plan i.e., a debt-oriented mutual fund. However, following mutual fund schemes does not assure that the investment objective of the scheme will be achieved.
