NFO (New Fund Offer)
This is the first-time subscription offer for a new mutual fund scheme launched by an asset management company (AMC). An NFO is similar to an IPO (Initial Public Offering) in the stock market, where investors have the opportunity to purchase units of a new mutual fund at the offer price, usually ₹10 per unit in India.
Disclaimer: Mutual Fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance is not an indicator of future returns.