MF update: Here are NFOs open for subscription

Just like an Initial public offer (IPO) mutual fund industry comes up with the new fund offering (NFO). NFO is nothing but the first time subscription offer for a newly launched funds. The NFO’s are launched with an aim to raise the capital for the scheme by the fund houses.

Many of the fund houses are coming up with the new innovative scheme with a varied investment objective. Below mentioned are some NFOs which are open for subscription now.