What is New Fund Offer? Definition of New Fund Offer, New Fund Offer Meaning - The Economic Times
A new fund offer (NFO) is the first time subscription offer for a new scheme launched by the asset management companies (AMCs). Investors can subscribe to the fund at its base Net Asset Value (NAV). A new fund offer is launched in the market to raise capital from the public in order to buy ... A new fund offer (NFO) is the first time subscription offer for a new scheme launched by the asset management companies (AMCs). Investors can subscribe to the fund at its base Net Asset Value (NAV). A new fund offer is launched in the market to raise capital from the public in order to buy securities like shares, govt.This means that the investors opting to invest in these schemes at the offer price (in most cases the offer price is fixed at Rs 10) can do so in this stipulated period only. After the NFO period, investors can take exposure in these funds only at the prevailing NAV.Jio BlackRock raises more than Rs 17,800 crore through debut new fund offerJio BlackRock Asset Management has successfully raised over Rs 17,800 crore ($2....New Fund Offering Alert: Axis Mutual Fund launches services opportunities fundAxis Mutual Fund introduces the Axis Services Opportunities Fund.
