Contents
NFOs open now
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| Axis Nifty EV & New Age Automotive Index FundAxis | Index fund · Nifty EV & New Age Automotive | 30 OctCloses tomorrow | ₹100 | 2 on the same index |
| Carnelian Small Cap FundCarnelian | Small cap | 30 OctCloses tomorrow | ₹500 | 36 in the category |
| ICICI Prudential BSE Power ETFICICI Prudential | ETF · BSE Power | 30 OctCloses tomorrow | ₹1,000 | 1 on the same index |
| Samco Equity Savings FundSamco | Equity savings | 2 NovCloses in 4 days | ₹5,000 | 22 in the category |
| UTI Financial Services Debt FundUTI | Sectoral debt | 2 NovCloses in 4 days | ₹500 | 2 in the category |
| Choice Large & Mid Cap FundChoice | Large & mid cap | 3 NovCloses in 5 days | ₹1,000 | 36 in the category |
| Motilal Oswal Multi Asset Omni Fund of FundsMotilal Oswal | Fund of funds | 4 NovCloses in 6 days | ₹500 | – |
| Navi Multi Asset Omni FoFNavi | Fund of funds | 4 NovCloses in 6 days | ₹100 | – |
| UTI Nifty India New Age Consumption Index FundUTI | Index fund · Nifty India New Age Consumption | 5 NovCloses in 7 days | ₹1,000 | 1 on the same index |
| Invesco India Silver ETFInvesco | ETF | 9 NovCloses in 11 days | ₹5,000 | 22 in the category |
| Invesco India Silver ETF Fund of FundInvesco | Fund of funds | 9 NovCloses in 11 days | ₹1,000 | – |
| Kotak Nifty Realty Index FundKotak Mahindra | Index fund · Nifty Realty | 9 NovCloses in 11 days | ₹1,000 | 5 on the same index |
Recently closed NFOs
| Fund | Type | Closes | Minimum | Existing funds |
|---|---|---|---|---|
| Mirae Asset Fixed Maturity Plan – Series VI– 3 to 6 MonthsMirae Asset | Fixed term plan | 27 Oct | ₹5,000 | 1 in the category |
| Aditya Birla Sun Life Fixed Maturity Plan-Series VB (136 Days)Aditya Birla Sun Life | Other debt scheme | 26 Oct | ₹1,000 | 1 in the category |
| Motilal Oswal Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 Index FundMotilal Oswal | Index fund · Nifty Midcap150 Plus 8-13 yr G-Sec 70:30 | 26 Oct | ₹500 | First on this index |
| quant Nifty 100 Index Fundquant | Index fund · Nifty 100 | 26 Oct | ₹5,000 | 8 on the same index |
| quant Nifty 50 Index Fundquant | Index fund · Nifty 50 | 26 Oct | ₹5,000 | 45 on the same index |
| quant Nifty Midcap 150 Index Fundquant | Index fund · Nifty Midcap 150 | 26 Oct | ₹5,000 | 23 on the same index |
| Zerodha BSE TOP 10 BANKS ETFZerodha | ETF · BSE Top 10 Banks | 26 Oct | ₹1,000 | 4 on the same index |
| HDFC Nifty LargeMidcap250 Plus 8-13 yr G-sec 70:30 Index FundHDFC | Index fund · Nifty LargeMidcap250 Plus 8-13 yr G-sec 70:30 | 19 Oct | ₹100 | 2 on the same index |
| ICICI Prudential Nifty Pharma ETFICICI Prudential | ETF · Nifty Pharma | 19 Oct | ₹1,000 | 2 on the same index |
| JioBlackRock Income Plus Arbitrage Omni FOFJio BlackRock | Fund of funds | 19 Oct | ₹500 | – |
| Kotak Nifty 500 Index FundKotak Mahindra | Index fund · Nifty 500 | 19 Oct | ₹1,000 | 7 on the same index |
| SBI BSE India Defence ETFSBI | ETF · BSE India Defence | 19 Oct | ₹5,000 | 1 on the same index |
| Aditya Birla Sun Life BSE Total Market ETFAditya Birla Sun Life | ETF · BSE Total Market | 14 Oct | ₹500 | First on this index |
| Aditya Birla Sun Life BSE Total Market Index FundAditya Birla Sun Life | Index fund · BSE Total Market | 14 Oct | ₹500 | First on this index |
| Aditya Birla Sun Life Financial Services Sectoral Debt FundAditya Birla Sun Life | Sectoral debt | 14 Oct | ₹100 | 1 in the category |
| Carnelian Liquid FundCarnelian | Liquid | 14 Oct | ₹500 | 46 in the category |
| ICICI Prudential Contra FundICICI Prudential | Contra | 12 Oct | ₹1,000 | 4 in the category |
| Mirae Asset Life Cycle Fund 2056Mirae Asset | Life cycle | 12 Oct | ₹5,000 | 3 in the category |
| Nippon India CRISIL-IBX FAR Gilt ETFNippon India | ETF · CRISIL-IBX FAR Gilt | 12 Oct | ₹1,000 | First on this index |
| WhiteOak Capital Diversified Equity Small Cap Active FOFWhiteOak Capital | Fund of funds | 12 Oct | ₹500 | – |
What is an NFO? Meaning and full form
NFO stands for New Fund Offer. It is the first subscription window of a new mutual fund scheme: for a fixed period, at most 15 days for most schemes, you can buy units at the offer price, usually ₹10 a unit. The money raised becomes the fund’s starting corpus.
After the offer closes, units are allotted. An open-ended fund then reopens, usually within five business days, and from then on you buy and sell at the daily NAV like any other fund. An ETF lists on the stock exchange instead. A closed-ended fund also lists on the exchange, and the fund house buys units back only when it matures.
Is an NFO a good investment?
Being new is not a reason to invest. Three questions help:
- Does it offer something existing funds do not? A new index, a new category or a clearly lower cost can be worth a look. Most NFOs launch into categories that already have many funds.
- What have similar funds done? A new fund has no record, but existing funds in the same category, or on the same index, show what the strategy has delivered and how widely results vary. Each NFO page on this tracker shows that comparison.
- Does it overlap with what you hold? Adding another fund that holds the same shares raises costs and paperwork without spreading risk.
The ₹10 offer price is not a discount. It only sets how many units you get; returns depend on the percentage change in the fund’s investments.
NFO vs IPO
An IPO sells shares of a company, and the listing price can jump or fall on the first day because buyers and sellers set it. An NFO sells units of a fund at a fixed offer price; after that the NAV follows the value of the fund’s investments, so there is no listing gain to chase.
How to invest in an NFO
Through the fund house’s website or app, or a registered investment platform or distributor. Choose the direct plan if you do not need a distributor: it pays no commission, so its expense ratio is lower. The mutual fund commission calculator shows what the difference adds up to over time.
Questions people ask
NFO stands for New Fund Offer. It is the first subscription period of a new mutual fund scheme, before the scheme starts trading at its daily NAV.
An NFO is how a fund house raises money for a new scheme. For a fixed period, usually up to 15 days, investors can buy units at the offer price, typically ₹10. After the offer closes, units are allotted and an open-ended scheme reopens for regular purchases and redemptions at its NAV.
Not because it is new or priced at ₹10. A new fund has no record of its own, so it helps to ask what it offers that existing funds do not: a new index, a new category, or a lower cost. If similar funds already exist, they show how the strategy has done over time.
Most schemes start at a face value of ₹10 a unit. The price only decides how many units you get. Returns depend on the percentage change in the fund’s investments, so a ₹10 unit is not cheaper than a ₹500 unit of an existing fund.
An open-ended scheme usually reopens for redemptions within five business days of allotment. ETFs list on the stock exchange, where you sell through a demat account. Check the exit load, which can apply for the first few months or years.
Through the fund house’s website or app, or a registered investment platform or distributor. Choose the direct plan if you do not need a distributor: it has a lower expense ratio because it pays no commission.
Sources
- AMFI new fund offer list.
- Scheme information documents filed by each fund house, linked from each NFO page.
- AMFI daily NAVs, for existing funds in each category or on each index.
This page is educational research based on AMFI data and scheme information documents. It is not a recommendation to invest in any scheme, or personalised investment advice. Mutual fund investments are subject to market risks; read all scheme related documents carefully. Past performance of other funds does not indicate how a new fund will perform. Registration granted by SEBI, enlistment with IAASB and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.