New Fund Offer (NFO)

Recently, India’s market regulator, the Securities and Exchange Board of India (SEBI) has intensified scrutiny of New Fund Offers (NFOs) to check portfolio overlap with existing mutual fund schemes.

  • A new fund offer (NFO) is a mutual fund scheme made available for investment for the first time by a mutual fund house or Asset Management Company (AMC).
  • The aim of launching an NFO is to raise capital from the public to purchase securities (stocks or debt instruments) and pay for administrative tasks.
  • In other words, an NFO is a first-time opening of a subscription offer of a mutual fund scheme.
  • An NFO usually lasts ....
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