NFO Watch — New Mutual Fund Offers in India

A New Fund Offer (NFO) is the launch window of a brand-new mutual fund scheme. During the NFO period, the fund house sells units at a fixed face value — usually ₹10 — and once the offer closes, an open-ended scheme reopens for purchase and redemption at its daily NAV. This page tracks every open and upcoming NFO in India straight from AMFI's official feed, with the open and close dates, category, offer price, minimum investment and a link to the official scheme document.

How to evaluate an NFO

• Does it add anything new? Most NFOs overlap with funds that already have long track records. Check the category in the MF Screener to see how many established alternatives exist.
• Read the Scheme Information Document (SID). It states the investment mandate, benchmark, fund manager and expense structure — the facts that actually determine outcomes.
• Compare costs. A new fund's expense ratio is often higher than category veterans. See what the expense ratio means for why this compounds against you.
• Check the fund house. Browse the AMC's existing lineup and record on our fund house directory.

One myth worth retiring: a ₹10 NFO is not cheaper than an existing fund with a ₹500 NAV. NAV level says nothing about future percentage returns — here is why. An established fund with a visible track record is usually easier to judge than a fund with none. Read more in our guide to how NFOs work.

Frequently asked questions

Should I invest in an NFO?

There is no blanket answer. An NFO can make sense when it offers genuine access to a strategy or asset class you cannot get from existing funds. If a comparable fund with a multi-year record exists, many investors prefer the one they can evaluate. Mutual fund investments are subject to market risks — read all scheme-related documents carefully and decide against your own goals.

Is a ₹10 NFO cheaper than a fund with a high NAV?

No. NAV is just the per-unit price of the fund's portfolio. Whether you hold many ₹10 units or few ₹500 units, the same underlying portfolio return produces the same rupee growth for the same investment.

How long does an NFO stay open?

SEBI caps the subscription window for most schemes at 15 days. After allotment, open-ended funds reopen for ongoing purchases at NAV within about five business days.