A New Fund Offer (NFO) is the first-time subscription offering for a new mutual fund scheme launched by an Asset Management Company (AMC). Similar to an IPO in the equity market, an NFO allows investors to purchase units of the new fund at the initial offer price—typically ₹10 per unit in India. The NFO period is usually open for 15 to 30 days, after which the fund is closed to new subscriptions at the NFO price and begins trading at its daily NAV. Investors should carefully evaluate a new fund's investment objective, fund manager track record, and expense ratio before subscribing.
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