What is NFO in Mutual Fund?

When a fund house launches a new scheme it tries to sell it to prospective investors by way of NFO- New fund offer. NFO units are coventionally priced at at a NAV of 10.

A New Fund Offering is the term given to a new mutual fund scheme. During the launch period, fund investors can buy units for Rs 10 each.

Probably Non Forfeiture Option.

New Fund Offer

A New Fund Offering is the term given to a new mutual fund scheme. During the launch period, fund investors can buy units for Rs 10 each

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