Shareinvesta provides basic information and updates of the stock market and business news. It publishes posts related to basics of investment, finance, economy etc. It wite posts on Mutual Funds, upcoming NFO (New Fund Offers), NCDs (Non-Convertible Debentures), IPOs (Initial Public Offerings).
NFO or New Fund offer is a scheme of fund houses or investment companies. When an investment company or a fund house set to release a new mutual fund, it first offers this mutual fund for subscription by the general public at a discounted price before listing. This subscription remains open for a limited period of time and available at a discounted price. Usually, this discounted price is Rs 10 per unit but it varies from offer to offer. NFO is similar to Initial Public Offering (IPO) of equity share of a company. They both are offered for the subscription before listing. Companies or fund houses do this for fund-raising for further operations. They generally use this raised money to purchase securities like equity shares, bonds etc. The NFO usually gains significantly after its listing.
Upcoming NFO 2019/Latest NFO 2019
| Fund Name | Type | Category | Issue Period | Min. Investment |
|---|---|---|---|---|
| DSP Nifty Next 50 Index Fund | Open-Ended | ETF | 11-Feb-2019 to 15-Feb-2019 | Rs 500 |
| DSP Nifty 50 Index Fund | Open-Ended | ETF | 11-Feb-2019 to 15-Feb-2019 | Rs 500 |
| UTI S&P BSE Sensex Next 50 ETF | Open-Ended | ETF |
26-Feb-2019 to 01-March-2019. |
Rs 5,000 |
| ICICI Prudential Retirement Fund | Open-Ended | Solution-Oriented |
7-Feb-2019 to 21-Feb-2019 |
Rs 5,000 |
| IDBI Healthcare Fund | Open-Ended | Equity: Sectoral |
8-Feb-2019 to 22-Feb-2019 |
Rs 5,000 |
| BNP Paribas Dynamic Equity Fund | Open-Ended | Hybrid |
14-Feb-2019 to 18-Feb-2019 |
Rs 5,000 |
| Union Arbitrage Fund | Open-Ended | Hybrid |
30-Jan-2019 to 13-Feb-2019 |
Rs 5,000 |
| Aditya Birla Sun Life Bal Bhavishya Yojna | Open-Ended | Solution-Oriented |
22-Jan-2019 to 5-Feb-2019 |
Rs 1,000 |
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Disclaimer: This post is just an information about the scheme. It does not give any advice or recommendation. Mutual Fund investments are subject to market risk. Please read the offer document carefully before investing.
