What is an NFO 

By MFJ Team

NFO is a subscription to a new fund category launched by any AMC. 

AMC issued an NFO for raising capital because the fund is new AMC doesn't have assets to invest in securities and stock, it offers discounts for (NFO) units.

How Does NFO Work

When NFO launches, investors invest in NFO, they get units at a discount and AMC gets appropriate funds and invests in multi-sector that gives good returns.

Best NFO To Invest Today 2024

Open Ended mutual fund Open - 2 Feb 2024 Close- 12 Feb 2024 NAV - ₹10 Allotment - 20 Feb 2024

Quant PSU Fund Direct-Growth - NFO

Open Ended mutual fund Open - 5 Feb 2024 Close- 16 Feb 2024 NAV - ₹10 Allotment - 22 Feb 2024

Nippon India Nifty Bank Index Fund Direct-Growth - NFO

Open Ended mutual fund Open - 5 Feb 2024 Close- 16 Feb 2024 NAV - ₹10 Allotment - 22 Feb 2024

Nippon India Nifty IT Index Fund Direct - Growth - NFO

Open Ended mutual fund Open - 6 Feb 2024 Close- 20 Feb 2024 NAV - ₹10 Allotment - 27 Feb 2024

Bajaj Finserv Large and Mid Cap Fund Direct - Growth - NFO

Open Ended mutual fund Open - 6 Feb 2024 Close- 20 Feb 2024 NAV - ₹10 Allotment - 26 Feb 2024

SBI Energy Opportunities Fund Direct - Growth - NFO