What is Mutual Fund New Fund Offer?
Friday, November 3, 2017, 2:59 PM
Mutual funds might need money to invest in stocks and bonds. Mutual funds raise this money from you and other citizens through NFO's. This is the first time subscription offer of a new mutual fund scheme. The minimum-amount you would have to invest could be Rs.5000 and NFO's state their investment objectives. The net asset value of the NFO would be Rs.10 per unit.