What Is a New Fund Offering? A New Fund Offering (NFO) is the initial offer of a mutual fund or Exchange-Traded Fund (ETF) to investors. It is similar to an Initial Public Offering (IPO), where a company raises money from the public by selling shares. During an NFO, investors can buy units of the fund …
TRUST Mutual Fund has launched a new open-ended equity scheme named TRUSTMF Flexi Cap Fund. This fund aims to provide long-term capital growth and income by actively investing in a diversified portfolio of equity and equity-related securities across all market capitalizations (Large, Mid, and Small Cap) along with debt and money market instruments. The New …
An Ambitious Entry into Equity Funds Trust Mutual Fund, known for its fixed-income offerings, has made a bold move into the equity space with the launch of its flexi cap fund. The TRUSTMF Flexi Cap Fund, an open-ended equity scheme, has garnered a substantial Rs. 510 crore during its New Fund Offering (NFO) period, which …
Tata Mutual Fund offers the Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund, an open-ended index fund that aims to mirror the performance of the Nifty500 Multicap India Manufacturing 50:30:20 Index (TRI), though tracking errors may occur. The scheme does not guarantee returns. Launched on April 8, 2024, the new fund offer closes on April …
Tata Mutual Fund launched a new open-ended index fund named Tata Nifty Realty Index Fund. This fund aims to mirror the performance of the Nifty Realty TRI (Total Return Index), subject to tracking error. There is no guarantee that the fund will achieve its objective or deliver any returns. The minimum investment amount is Rs …
Tata Nifty Financial Services Index Fund, launched by Tata Mutual Fund, is an open-ended index fund that aims to mirror the performance of the Nifty Financial Services Index (TRI). The scheme doesn’t guarantee returns but seeks to deliver results similar to the index, with a minimal tracking error. There is no entry load, but an …
Tata Mutual Fund has launched a new open-ended gold exchange-traded fund (ETF) named Tata Gold Exchange Traded Fund (NFO). The fund aims to generate returns that mirror the performance of physical gold in domestic prices, but it’s important to note that there’s no guarantee of achieving this objective. The new fund offer (NFO) opened on …
Sundaram Mutual Fund has launched a new open-ended hybrid scheme, Sundaram Multi Asset Allocation Fund, to generate long-term capital appreciation. The scheme will invest in equity & equity-related securities, debt & money market instruments, and gold ETFs. The New Fund Offer (NFO) opens on January 5, 2024, and closes on January 19th, 2024. The minimum …
SBI Nifty50 Equal Weight Index Fund is an open-ended index fund scheme launched by SBI Mutual Fund on 16th January 2024. The scheme aims to provide returns that correspond to the total returns of the securities as represented by the underlying index, but there is no guarantee of achieving this objective. The minimum subscription amount …
Quant Mutual Fund’s quant PSU Fund is an open-ended equity scheme focused on the thematic investment in Public Sector Undertakings (PSUs). Launched on February 2nd, 2024, it aims for long-term capital appreciation by primarily investing in equity and equity-related securities of PSUs. This new fund offers closes on February 15th, 2024, and requires a minimum …
