Tue, Nov 26, 2024
NFO: This fund will be offering exposure to the growth potential of stocks listed under the capital market theme in India. The index comprises 15 companies which also forms a part of the Nifty 500, said MOMF.
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Wed, Jul 19, 2023
NFO: When a mutual fund scheme is made available for investment for the first time, it is called 'New Fund Offer' (NFO). The objective of an NFO is to raise sufficient initial funds so that the fund manager of that mutual fund scheme can build a portfolio based on the investment objectives of the scheme. Thus, there are SEBI regulations on how much the proposed new fund has to deposit during the NFO. As per the rules, the minimum subscription amount of debt-oriented and balanced hybrid schemes at the time of NFO should be at least Rs.20 crores and for other schemes at least Rs. 100 million.
Wed, May 11, 2022
What is an NFO? NFO stands for New Fund Offer. For stocks, there is Initial Public Offering (IPO) and for mutual funds, there is NFO. Asset management companies open up NFOs whenever a new fund is launched in the market. Here is all you need to know.
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