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.
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Sat, Jan 28, 2023
The NFO (New Fund Offer) has opened for subscription from January 27, 2023 and shall remain open till 10 February 2023. This is an open-ended fund, which means investors can withdraw money whenever they need it from NFO.
Wed, Jan 04, 2023
What is NFO? Is it right to invest in NFO? What should be the strategy to invest in NFO? What are the benefits of New Fund Offer (NFO)? Watch our special show - 'Money Guru Aatmanirbhar Nivesh' with Swati Raina.
Tue, Oct 04, 2022
LICMF Multicap Fund would invest a minimum of 25 per cent each in Large, Mid and Small Cap stocks, with the balance of 25 per cent providing flexibility to the fund manager to invest across market capitalization
Mon, Mar 21, 2022
ICICI Prudential Mutual Fund has announced the launch of ICICI Prudential Housing Opportunities Fund, it said in a media release.
Fri, Oct 15, 2021
Inflows into equity funds remained low for a second consecutive month at Rs 2,100 crore in September 2021, compared to Rs 1,800 crore recorded in August against Rs 6000-9000 range since March 2021, data from ICICIdirect report showed.
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