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Difference between IPO and NFO?

By IndianMoney , 1 year ago

IPO helps companies to raise money to expand their business and meet working capital needs. Normally IPOs are priced higher than the face value. NFOs help Asset management companies to raise money from investors to buy more corporate stocks, debt, gold and so on. In the case of NFOs, the fund is normally available at Rs 10 per unit.

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