| NFO Name | Open Date | Close Date | NAV | Min Amount |
|---|---|---|---|---|
|
Abakkus Large & Mid Cap Fund Reg Equity |
15 Jul 2026 | 29 Jul 2026 | ₹10.00 |
₹500
|
Aditya Birla SL FMP - Series VA Regular Debt |
23 Jul 2026 | 27 Jul 2026 | ₹10.00 |
₹1,000
|
|
AlphaGrep Flexi Cap Fund Regular Equity |
21 Jul 2026 | 04 Aug 2026 | ₹10.00 |
₹500
|
|
AlphaGrep Liquid Omni FOF Regular Other |
04 Aug 2026 | 06 Aug 2026 | ₹1000.00 |
₹500
|
|
AlphaGrep Multi Asset Allocation Fund Reg Hybrid |
06 Jul 2026 | 20 Jul 2026 | ₹10.00 |
₹500
|
|
ASK Liquid Fund Regular Debt |
12 Aug 2026 | 25 Aug 2026 | ₹1000.00 |
₹500
|
Axis Nifty Capital Markets Index Fund Regular Other |
04 May 2026 | 15 May 2026 | ₹10.00 |
₹100
|
Axis Nifty Energy Index Fund Regular Other |
07 Aug 2026 | 21 Aug 2026 | ₹10.00 |
₹100
|
Axis Nifty India Defence Index Fund Regular Other |
10 Apr 2026 | 24 Apr 2026 | ₹10.00 |
₹100
|
Axis Nifty50 Equal Weight Index Fund Regular Other |
03 Jul 2026 | 17 Jul 2026 | ₹10.00 |
₹100
|
Axis Nifty500 Low Volatility 50 Index Fund Reg Other |
09 Sep 2026 | 22 Sep 2026 | ₹10.00 |
₹100
|
Bandhan Contra Fund Regular Equity |
10 Aug 2026 | 24 Aug 2026 | ₹10.00 |
₹1,000
|
Bank of India Value Fund Regular Equity |
28 Aug 2026 | 11 Sep 2026 | ₹10.00 |
₹5,000
|
Baroda BNP Paribas Services Fund Regular Equity |
14 Jul 2026 | 28 Jul 2026 | ₹10.00 |
₹1,000
|
|
Choice Nifty 50 Index Fund Regular Other |
19 Mar 2026 | 02 Apr 2026 | ₹10.00 |
₹1,000
|
|
Choice Nifty Next 50 Index Fund Regular Other |
19 Mar 2026 | 02 Apr 2026 | ₹10.00 |
₹1,000
|
|
Choice Overnight Fund Regular Debt |
01 Jul 2026 | 03 Jul 2026 | ₹100.00 |
₹1,000
|
DSP Financial Services Sectoral Debt Fund Reg Equity |
19 Aug 2026 | 24 Aug 2026 | ₹10.00 |
₹100
|
Edelweiss Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund Reg Other |
18 Mar 2026 | 01 Apr 2026 | ₹10.00 |
₹100
|
Edelweiss Nifty REITs & Realty Index Fund Reg Other |
05 Aug 2026 | 19 Aug 2026 | ₹10.00 |
₹100
|
Edelweiss Ultra Short Term Fund Regular Debt |
17 Aug 2026 | 24 Aug 2026 | ₹1000.00 |
₹100
|
Franklin India Short Term Fund Regular Debt |
05 Aug 2026 | 11 Aug 2026 | ₹10.00 |
₹5,000
|
|
Groww Arbitrage Fund Regular Hybrid |
08 Apr 2026 | 22 Apr 2026 | ₹10.00 |
₹500
|
|
Groww Nifty Private Bank Index Fund Regular Other |
06 May 2026 | 20 May 2026 | ₹10.00 |
₹500
|
|
Groww Nifty PSU Bank Index Fund Regular Other |
06 Mar 2026 | 20 Mar 2026 | ₹10.00 |
₹500
|
|
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Reg Other |
29 May 2026 | 12 Jun 2026 | ₹10.00 |
₹500
|
HDFC BSE REITS and Commercial Real Estate Index Fund Reg Other |
15 Sep 2026 | 17 Sep 2026 | ₹10.00 |
₹100
|
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Reg Other |
19 Mar 2026 | 23 Mar 2026 | ₹10.00 |
₹100
|
HDFC Gold Silver Passive FOF Regular Other |
15 May 2026 | 29 May 2026 | ₹10.00 |
₹100
|
HDFC Nifty Auto Index Fund Regular Other |
22 Jun 2026 | 03 Jul 2026 | ₹10.00 |
₹100
|
HDFC Nifty Metal ETF FOF Regular Other |
20 Jul 2026 | 03 Aug 2026 | ₹10.00 |
₹100
|
HSBC GOLD ETF Fund of Fund Regular Other |
19 Mar 2026 | 25 Mar 2026 | ₹10.00 |
₹5,000
|
ICICI Pru Balanced Hybrid Fund Regular Hybrid |
30 Jun 2026 | 14 Jul 2026 | ₹10.00 |
₹500
|
ICICI Pru Dynamic Asset Allocation Passive FOF Reg Other |
26 Aug 2026 | 09 Sep 2026 | ₹10.00 |
₹1,000
|
ICICI Pru Multi-Asset Active FOF Regular Other |
30 Jun 2026 | 14 Jul 2026 | ₹10.00 |
₹1,000
|
Invesco India BSE Sensex Index Fund Regular Other |
23 Apr 2026 | 07 May 2026 | ₹10.00 |
₹100
|
Invesco India Nifty Bank Index Fund Regular Other |
23 Apr 2026 | 07 May 2026 | ₹10.00 |
₹100
|
Invesco India Nifty Chemical Index Fund Reg Other |
15 Sep 2026 | 29 Sep 2026 | ₹10.00 |
₹100
|
Invesco India Nifty India Defence Index Fund Reg Other |
15 Sep 2026 | 29 Sep 2026 | ₹10.00 |
₹100
|
Invesco India Pharma and Healthcare Fund Regular Equity |
18 Aug 2026 | 18 Aug 2026 | ₹10.00 |
₹1,000
|
ITI Multi Asset Allocation Fund Regular Hybrid |
17 Aug 2026 | 31 Aug 2026 | ₹10.00 |
₹5,000
|
|
JioBlackRock Balanced Advantage Fund Regular Hybrid |
11 Sep 2026 | 25 Sep 2026 | ₹10.00 |
₹500
|
JM Multi Asset Allocation Fund Regular Hybrid |
24 Jun 2026 | 08 Jul 2026 | ₹10.00 |
₹5,000
|
Kotak Diversified Equity All Cap Omni FOF Reg Other |
05 Aug 2026 | 19 Aug 2026 | ₹10.00 |
₹1,000
|
Kotak Multi Asset Active FOF Regular Other |
08 Apr 2026 | 22 Apr 2026 | ₹10.00 |
₹1,000
|
Kotak Multi Sector Omni FOF Regular Other |
08 Sep 2026 | 22 Sep 2026 | ₹10.00 |
₹1,000
|
Kotak Nifty Alpha Low-Volatility 30 Index Fund Reg Other |
29 May 2026 | 12 Jun 2026 | ₹10.00 |
₹1,000
|
Kotak Nifty Bank Index Fund Regular Other |
03 Aug 2026 | 17 Aug 2026 | ₹10.00 |
₹1,000
|
Kotak Nifty Capital Markets Index Fund Regular Other |
15 Sep 2026 | 29 Sep 2026 | ₹10.00 |
₹1,000
|
Kotak Quality Overseas Equity Omni FOF Reg Other |
06 Mar 2026 | 20 Mar 2026 | ₹10.00 |
₹1,000
|
|
Lakshya Overnight Fund Regular Debt |
15 Sep 2026 | 21 Sep 2026 | ₹1000.00 |
₹5,000
|
|
Mirae Asset BSE Information Technology Index Fund Reg Other |
08 Sep 2026 | 22 Sep 2026 | ₹10.00 |
₹5,000
|
|
Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Reg Other |
06 Jul 2026 | 20 Jul 2026 | ₹10.00 |
₹5,000
|
|
Monarch Overnight Fund Regular Debt |
03 Sep 2026 | 07 Sep 2026 | ₹1000.00 |
₹5,000
|
Motilal Oswal BSE Clean Environment Index Fund Reg Other |
05 Jun 2026 | 19 Jun 2026 | ₹10.00 |
₹500
|
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Reg Other |
03 Jul 2026 | 17 Jul 2026 | ₹10.00 |
₹500
|
Motilal Oswal Contra Fund Regular Equity |
08 May 2026 | 22 May 2026 | ₹10.00 |
₹500
|
Motilal Oswal Quality Fund Regular Equity |
28 Aug 2026 | 11 Sep 2026 | ₹10.00 |
₹500
|
Navi Nifty REITs & Realty Index Fund Reg Other |
01 Sep 2026 | 10 Sep 2026 | ₹10.00 |
₹100
|
Nippon India Income Plus Arbitrage Omni Fund of Fund Reg Other |
17 Aug 2026 | 31 Aug 2026 | ₹10.00 |
₹500
|
|
NJ Momentum Fund Regular Equity |
10 Jul 2026 | 24 Jul 2026 | ₹10.00 |
₹500
|
|
NJ Value Fund Regular Equity |
10 Jul 2026 | 24 Jul 2026 | ₹10.00 |
₹500
|
Quant Income Plus Arbitrage Active FoF Regular Other |
17 Aug 2026 | 31 Aug 2026 | ₹10.00 |
₹5,000
|
Quantum Flexi Cap Fund Regular Equity |
21 Aug 2026 | 04 Sep 2026 | ₹10.00 |
₹500
|
SBI Balanced Hybrid Fund Regular Hybrid |
10 Aug 2026 | 24 Aug 2026 | ₹10.00 |
₹5,000
|
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund Reg Other |
14 May 2026 | 19 May 2026 | ₹10.00 |
₹5,000
|
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Reg Other |
15 Apr 2026 | 20 Apr 2026 | ₹10.00 |
₹5,000
|
SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Reg Other |
15 Apr 2026 | 20 Apr 2026 | ₹10.00 |
₹5,000
|
SBI Nifty G-sec Jul 2031 Index Fund Regular Other |
14 May 2026 | 19 May 2026 | ₹10.00 |
₹5,000
|
SBI Nifty Midcap 150 Momentum 50 ETF FOF Reg Other |
22 Jul 2026 | 04 Aug 2026 | ₹10.00 |
₹5,000
|
SBI Nifty200 Value 30 ETF FOF Regular Other |
17 Sep 2026 | 17 Sep 2026 | ₹10.00 |
₹5,000
|
Shriram Gold ETF Passive FOF Regular Other |
11 Sep 2026 | 24 Sep 2026 | ₹10.00 |
₹500
|
Tata Multi Sector Passive FOF Regular Other |
22 Jun 2026 | 06 Jul 2026 | ₹10.00 |
₹5,000
|
|
The Wealth Company Large & Mid Cap Fund Reg Equity |
21 May 2026 | 04 Jun 2026 | ₹10.00 |
₹1,000
|
|
The Wealth Company Mid Cap Fund Regular Equity |
15 Jul 2026 | 29 Jul 2026 | ₹10.00 |
₹1,000
|
|
The Wealth Company Multi Cap Fund Regular Equity |
27 Aug 2026 | 10 Sep 2026 | ₹10.00 |
₹1,000
|
TRUSTMF Large & Mid Cap Fund Regular Equity |
03 Jul 2026 | 17 Jul 2026 | ₹10.00 |
₹1,000
|
UTI-Balanced Hybrid Fund Regular Hybrid |
14 Aug 2026 | 28 Aug 2026 | ₹10.00 |
₹1,000
|
UTI-BSE India Sector Leaders Index Fund Reg Other |
31 Aug 2026 | 11 Sep 2026 | ₹10.00 |
₹1,000
|
UTI-Nifty 1D Rate Liquid ETF - Growth Other |
08 Jul 2026 | 15 Jul 2026 | ₹1000.00 |
₹5,000
|
UTI-Nifty 500 Index Fund Regular Other |
10 Aug 2026 | 24 Aug 2026 | ₹10.00 |
₹1,000
|
|
WhiteOak Capital Aggressive Hybrid Fund Reg Hybrid |
08 Jun 2026 | 22 Jun 2026 | ₹10.00 |
₹500
|
|
WhiteOak Capital Dividend Yield Fund Reg Equity |
10 Aug 2026 | 24 Aug 2026 | ₹10.00 |
₹500
|
Abakkus Large & Mid Cap Fund Reg Equity
15 Jul 2026 - 29 Jul 2026
₹10.00
₹500
Aditya Birla SL FMP - Series VA Regular Debt
23 Jul 2026 - 27 Jul 2026
₹10.00
₹1,000
AlphaGrep Flexi Cap Fund Regular Equity
21 Jul 2026 - 04 Aug 2026
₹10.00
₹500
AlphaGrep Liquid Omni FOF Regular Other
04 Aug 2026 - 06 Aug 2026
₹1000.00
₹500
AlphaGrep Multi Asset Allocation Fund Reg Hybrid
06 Jul 2026 - 20 Jul 2026
₹10.00
₹500
ASK Liquid Fund Regular Debt
12 Aug 2026 - 25 Aug 2026
₹1000.00
₹500
Axis Nifty Capital Markets Index Fund Regular Other
04 May 2026 - 15 May 2026
₹10.00
₹100
Axis Nifty Energy Index Fund Regular Other
07 Aug 2026 - 21 Aug 2026
₹10.00
₹100
Axis Nifty India Defence Index Fund Regular Other
10 Apr 2026 - 24 Apr 2026
₹10.00
₹100
Axis Nifty50 Equal Weight Index Fund Regular Other
03 Jul 2026 - 17 Jul 2026
₹10.00
₹100
Axis Nifty500 Low Volatility 50 Index Fund Reg Other
09 Sep 2026 - 22 Sep 2026
₹10.00
₹100
Bandhan Contra Fund Regular Equity
10 Aug 2026 - 24 Aug 2026
₹10.00
₹1,000
Bank of India Value Fund Regular Equity
28 Aug 2026 - 11 Sep 2026
₹10.00
₹5,000
Baroda BNP Paribas Services Fund Regular Equity
14 Jul 2026 - 28 Jul 2026
₹10.00
₹1,000
Choice Nifty 50 Index Fund Regular Other
19 Mar 2026 - 02 Apr 2026
₹10.00
₹1,000
Choice Nifty Next 50 Index Fund Regular Other
19 Mar 2026 - 02 Apr 2026
₹10.00
₹1,000
Choice Overnight Fund Regular Debt
01 Jul 2026 - 03 Jul 2026
₹100.00
₹1,000
DSP Financial Services Sectoral Debt Fund Reg Equity
19 Aug 2026 - 24 Aug 2026
₹10.00
₹100
Edelweiss Nifty LargeMidcap250 Plus 8-13 yr G-Sec 70:30 Index Fund Reg Other
18 Mar 2026 - 01 Apr 2026
₹10.00
₹100
Edelweiss Nifty REITs & Realty Index Fund Reg Other
05 Aug 2026 - 19 Aug 2026
₹10.00
₹100
Edelweiss Ultra Short Term Fund Regular Debt
17 Aug 2026 - 24 Aug 2026
₹1000.00
₹100
Franklin India Short Term Fund Regular Debt
05 Aug 2026 - 11 Aug 2026
₹10.00
₹5,000
Groww Arbitrage Fund Regular Hybrid
08 Apr 2026 - 22 Apr 2026
₹10.00
₹500
Groww Nifty Private Bank Index Fund Regular Other
06 May 2026 - 20 May 2026
₹10.00
₹500
Groww Nifty PSU Bank Index Fund Regular Other
06 Mar 2026 - 20 Mar 2026
₹10.00
₹500
Groww Nifty Smallcap 250 Momentum Quality 100 Index Fund Reg Other
29 May 2026 - 12 Jun 2026
₹10.00
₹500
HDFC BSE REITS and Commercial Real Estate Index Fund Reg Other
15 Sep 2026 - 17 Sep 2026
₹10.00
₹100
HDFC CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Reg Other
19 Mar 2026 - 23 Mar 2026
₹10.00
₹100
HDFC Gold Silver Passive FOF Regular Other
15 May 2026 - 29 May 2026
₹10.00
₹100
HDFC Nifty Auto Index Fund Regular Other
22 Jun 2026 - 03 Jul 2026
₹10.00
₹100
HDFC Nifty Metal ETF FOF Regular Other
20 Jul 2026 - 03 Aug 2026
₹10.00
₹100
HSBC GOLD ETF Fund of Fund Regular Other
19 Mar 2026 - 25 Mar 2026
₹10.00
₹5,000
ICICI Pru Balanced Hybrid Fund Regular Hybrid
30 Jun 2026 - 14 Jul 2026
₹10.00
₹500
ICICI Pru Dynamic Asset Allocation Passive FOF Reg Other
26 Aug 2026 - 09 Sep 2026
₹10.00
₹1,000
ICICI Pru Multi-Asset Active FOF Regular Other
30 Jun 2026 - 14 Jul 2026
₹10.00
₹1,000
Invesco India BSE Sensex Index Fund Regular Other
23 Apr 2026 - 07 May 2026
₹10.00
₹100
Invesco India Nifty Bank Index Fund Regular Other
23 Apr 2026 - 07 May 2026
₹10.00
₹100
Invesco India Nifty Chemical Index Fund Reg Other
15 Sep 2026 - 29 Sep 2026
₹10.00
₹100
Invesco India Nifty India Defence Index Fund Reg Other
15 Sep 2026 - 29 Sep 2026
₹10.00
₹100
Invesco India Pharma and Healthcare Fund Regular Equity
18 Aug 2026 - 18 Aug 2026
₹10.00
₹1,000
ITI Multi Asset Allocation Fund Regular Hybrid
17 Aug 2026 - 31 Aug 2026
₹10.00
₹5,000
JioBlackRock Balanced Advantage Fund Regular Hybrid
11 Sep 2026 - 25 Sep 2026
₹10.00
₹500
JM Multi Asset Allocation Fund Regular Hybrid
24 Jun 2026 - 08 Jul 2026
₹10.00
₹5,000
Kotak Diversified Equity All Cap Omni FOF Reg Other
05 Aug 2026 - 19 Aug 2026
₹10.00
₹1,000
Kotak Multi Asset Active FOF Regular Other
08 Apr 2026 - 22 Apr 2026
₹10.00
₹1,000
Kotak Multi Sector Omni FOF Regular Other
08 Sep 2026 - 22 Sep 2026
₹10.00
₹1,000
Kotak Nifty Alpha Low-Volatility 30 Index Fund Reg Other
29 May 2026 - 12 Jun 2026
₹10.00
₹1,000
Kotak Nifty Bank Index Fund Regular Other
03 Aug 2026 - 17 Aug 2026
₹10.00
₹1,000
Kotak Nifty Capital Markets Index Fund Regular Other
15 Sep 2026 - 29 Sep 2026
₹10.00
₹1,000
Kotak Quality Overseas Equity Omni FOF Reg Other
06 Mar 2026 - 20 Mar 2026
₹10.00
₹1,000
Lakshya Overnight Fund Regular Debt
15 Sep 2026 - 21 Sep 2026
₹1000.00
₹5,000
Mirae Asset BSE Information Technology Index Fund Reg Other
08 Sep 2026 - 22 Sep 2026
₹10.00
₹5,000
Mirae Asset BSE Midcap 150 Momentum 30 ETF FOF Reg Other
06 Jul 2026 - 20 Jul 2026
₹10.00
₹5,000
Monarch Overnight Fund Regular Debt
03 Sep 2026 - 07 Sep 2026
₹1000.00
₹5,000
Motilal Oswal BSE Clean Environment Index Fund Reg Other
05 Jun 2026 - 19 Jun 2026
₹10.00
₹500
Motilal Oswal BSE Midcap 150 Momentum 30 Index Fund Reg Other
03 Jul 2026 - 17 Jul 2026
₹10.00
₹500
Motilal Oswal Contra Fund Regular Equity
08 May 2026 - 22 May 2026
₹10.00
₹500
Motilal Oswal Quality Fund Regular Equity
28 Aug 2026 - 11 Sep 2026
₹10.00
₹500
Navi Nifty REITs & Realty Index Fund Reg Other
01 Sep 2026 - 10 Sep 2026
₹10.00
₹100
Nippon India Income Plus Arbitrage Omni Fund of Fund Reg Other
17 Aug 2026 - 31 Aug 2026
₹10.00
₹500
NJ Momentum Fund Regular Equity
10 Jul 2026 - 24 Jul 2026
₹10.00
₹500
NJ Value Fund Regular Equity
10 Jul 2026 - 24 Jul 2026
₹10.00
₹500
Quant Income Plus Arbitrage Active FoF Regular Other
17 Aug 2026 - 31 Aug 2026
₹10.00
₹5,000
Quantum Flexi Cap Fund Regular Equity
21 Aug 2026 - 04 Sep 2026
₹10.00
₹500
SBI Balanced Hybrid Fund Regular Hybrid
10 Aug 2026 - 24 Aug 2026
₹10.00
₹5,000
SBI CRISIL-IBX 10:90 Gilt + SDL Index - Dec 2029 Index Fund Reg Other
14 May 2026 - 19 May 2026
₹10.00
₹5,000
SBI CRISIL-IBX Financial Services 3-6 Months Debt Index Fund Reg Other
15 Apr 2026 - 20 Apr 2026
₹10.00
₹5,000
SBI CRISIL-IBX Financial Services 9-12 Months Debt Index Fund Reg Other
15 Apr 2026 - 20 Apr 2026
₹10.00
₹5,000
SBI Nifty G-sec Jul 2031 Index Fund Regular Other
14 May 2026 - 19 May 2026
₹10.00
₹5,000
SBI Nifty Midcap 150 Momentum 50 ETF FOF Reg Other
22 Jul 2026 - 04 Aug 2026
₹10.00
₹5,000
SBI Nifty200 Value 30 ETF FOF Regular Other
17 Sep 2026 - 17 Sep 2026
₹10.00
₹5,000
Shriram Gold ETF Passive FOF Regular Other
11 Sep 2026 - 24 Sep 2026
₹10.00
₹500
Tata Multi Sector Passive FOF Regular Other
22 Jun 2026 - 06 Jul 2026
₹10.00
₹5,000
The Wealth Company Large & Mid Cap Fund Reg Equity
21 May 2026 - 04 Jun 2026
₹10.00
₹1,000
The Wealth Company Mid Cap Fund Regular Equity
15 Jul 2026 - 29 Jul 2026
₹10.00
₹1,000
The Wealth Company Multi Cap Fund Regular Equity
27 Aug 2026 - 10 Sep 2026
₹10.00
₹1,000
TRUSTMF Large & Mid Cap Fund Regular Equity
03 Jul 2026 - 17 Jul 2026
₹10.00
₹1,000
UTI-Balanced Hybrid Fund Regular Hybrid
14 Aug 2026 - 28 Aug 2026
₹10.00
₹1,000
UTI-BSE India Sector Leaders Index Fund Reg Other
31 Aug 2026 - 11 Sep 2026
₹10.00
₹1,000
UTI-Nifty 1D Rate Liquid ETF - Growth Other
08 Jul 2026 - 15 Jul 2026
₹1000.00
₹5,000
UTI-Nifty 500 Index Fund Regular Other
10 Aug 2026 - 24 Aug 2026
₹10.00
₹1,000
WhiteOak Capital Aggressive Hybrid Fund Reg Hybrid
08 Jun 2026 - 22 Jun 2026
₹10.00
₹500
WhiteOak Capital Dividend Yield Fund Reg Equity
10 Aug 2026 - 24 Aug 2026
₹10.00
₹500
How to apply for an NFO?
All inside the Jainam app — no paperwork, no branch visit.
Step 1 Open a Jainam account
Takes about five minutes with your PAN and Aadhaar. Skip this if you're already a client.
Step 2 Select an open NFO
Compare open, upcoming, and closed offerings by category, close date, and minimum amount.
Step 3 Confirm the details and invest
Set your amount, confirm the mandate, and you're allotted units once the NFO closes.
Open a Jainam account
Takes about five minutes with your PAN and Aadhaar. Skip this if you're already a client.
Select an open NFO
Compare open, upcoming, and closed offerings by category, close date, and minimum amount.
Confirm the details and invest
Set your amount, confirm the mandate, and you're allotted units once the NFO closes.
What is NFO (New Fund Offering)?
A New Fund Offering (NFO) is the initial subscription period of a new mutual fund introduced by an asset management company (AMC). It provides investors with an opportunity to buy units of the fund at the face value before it is listed and begins regular trading.
Assume an AMC launches a new equity mutual fund, and during the NFO phase, units are issued at ₹10 per unit. Investors who purchase at this phase can gain if the Net Asset Value (NAV) increases after the fund launch and invests in other securities.
How to Invest in NFO?
Investing in an NFO is easy and involves the following steps:
- Select an NFO: Look for the fund’s goals, risks, and possible returns.
- Select a Platform: NFOs can be subscribed to online on the websites of AMC, mutual fund distributors, or stockbrokers.
- Complete KYC: Make sure your Know Your Customer (KYC) compliance is completed, including PAN card and Aadhaar information.
- Choose the Investment Value: NFOs usually carry a minimum value of investment, usually ₹500 or ₹1,000.
- Payment: Pay using net banking, UPI, or a cheque.
- Allotment: Open NFO closure, the bought units will be allotted, as per the AMC.
Example:
If a subscriber invests in an NFO floated by XYZ Mutual Fund with ₹10,000 during the NFO period at ₹10 per unit, they would get an allotment of 1,000 units in the beginning. If the NAV goes up to ₹12 post-launch, the investment value will increase to ₹12,000, thereby resulting in a profit of ₹2,000 on the initial investment.
NFO Terms and Definitions
It is necessary to know NFO-related terms before investing:
- NAV (Net Asset Value): The price per unit of a mutual fund after the NFO period.
- Lock-in Period: Certain NFOs (such as ELSS funds) might have a lock-in period prohibiting withdrawal in that duration.
- Fund Objective: The fund’s investment objective, like equity, debt, hybrid, etc.
- Expense Ratio: Annual charges made by the AMC for fund management.
- Open-ended and Close-ended NFOs: Open-ended schemes permit redemption at any time, whereas close-ended schemes come with a locked tenure.
How to Redeem NFO?
To redeem an NFO (New Fund Offer), access your mutual fund account or demat account. Go to the redemption page, choose the NFO units you wish to redeem, and place a sell order. The money will be transferred to your linked bank account as per the exit rules of the fund.
How is NFO Different from MF?
An NFO (New Fund Offer) is the initial offering of a mutual fund, allowing investors to buy units at a fixed price before trading begins. A mutual fund (MF) is an ongoing investment where units are bought or sold at the net asset value (NAV), which fluctuates based on market movements.
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Frequently Asked Questions
What are the types of NFOs?
NFOs may be open-ended, i.e., one can continuously invest and redeem, or close-ended, i.e., with a pre-decided maturity date.
Is NFO tax-free?
No, NFOs are not tax-free. Taxation depends on the holding period and fund type:
- Equity Funds: Less than one year is taxed at 15% as STCG (Short Term Capital Gain), while
- funds held for more than a year are taxed at 10% as LTCG (Long Term Capital Gain) after exemption of ₹1 lakh.
- Debt Funds: Taxed as per income tax slab.
- Dividends: Taxed as per income tax slab.
How to apply for an NFO in India?
Investors can apply for an NFO through mutual fund websites, brokerage sites, or banking websites after KYC is fulfilled. Follow the link to apply for NFO at Jainam: Apply.
Are NFOs profitable?
NFOs are profitable if they provide innovative investment approaches and efficient fund management but expose the investor to greater risk.
What is the difference between an NFO and an IPO?
An NFO introduces a new mutual fund scheme, while an IPO (initial public offering) is when a company offers shares to the public.
Are NFOs good for short-term investments?
NFOs are best for long-term investment, as their performance is unpredictable in the short term.
How to select the appropriate NFO mutual fund?
Consider the fund’s goal, asset allocation, expense ratio, and fund manager’s performance before investing.
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