New fund offer


A new fund offer or NFO refers to the launch of a new fund by an AMC. The money raised through an NFO is invested by the fund house in the markets, and the units are then issued to the initial investors.

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An NFO behaves similarly to an initial public offering (IPO) of equity shares by a company. Just as new shares of a just-listed company are distributed among investors in an IPO, new units of a new fund are distributed among investors in an NFO.