A mutual fund is launched through a New Fund Offer (NFO). If you apply during this period, you will get fund units at the NFO price (such as Rs 10 or Rs 100). An open ended fund will officially be launched after the NFO ends. Investors can enter the fund and exit from it at any time after the launch. A close ended fund will not allow entry and exit of investors after the NFO period, until maturity.This is typically 3-4 years from the launch date. You can read more about NFO, here.
Union AMC launches Union Midcap Fund
28 February 2020, The New Fund Offer for the recently launched Union Midcap Fund will open on March 2 and end on March 16. The minimum amount to invest is Rs 5,000, further units can be bought with the multiples of Re 1. Read more
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Tata Mutual Fund launches Tata Multi Asset Opportunities Fund
14 February 2020, NFO for Tata Mutual Fund’s Multi Asset Opportunities Fund is open between February 14th and 28th. The minimum amount for investment in the Hybrid Multi Asset Allocation fund is Rs 5,000 in lump sum and Rs 1,000 for a monthly investment via SIP. Read more
Mirae Asset AMC Launches Mirae Asset Nifty Next 50 ETF
13 January 2020, Mirae Asset Asset Management Company has recently launched a new mutual fund scheme called Mirae Asset Nifty Next 50 ETF. The New Fund offer is open for subscription till January 21, 2020. Read More
Axis Mutual Fund AMC Launches Axis All Seasons Debt Fund of Funds
10 January 2020, Axis Asset Management Company has launched a new fund namely Axis All Seasons Debt Fund of Funds. The New Fund Offer is open for subscription till January 22, 2020. Read More
TATA Mutual Fund AMC Launches TATA Quant Fund
9 January 2020, Tata Mutual Fund has recently launched a new mutual fund scheme known as Tata Quant Fund. Investors can subscribe to the New Fund Offer till January 17, 2020. Read More
Aditya Birla AMC Launches Aditya Birla Sun Life PSU Equity Fund
9 December 2019, Aditya Birla Mutual Fund AMC has recently launched a new mutual fund scheme known as Aditya Birla Sun Life PSU Equity Fund. The New Fund Offer is open for subscription till December 23, 2019. Read more
ITI Mutual Fund AMC Launches ITI Balanced Advantage Fund
9 December 2019, ITI Mutual Fund AMC has recently launched a new mutual fund scheme known as ITI Balanced Advantage Fund. Investors can subscribe to the fund during the New Fund Offer period, ending on December 23, 2019. Read more
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