Currently, there are 3 NFOs on offer. NFOs are like IPOs wherein the fund raises fresh money from the public. However, these NFOs are valued based on the underlying portfolio value and to that extent the valuation cannot be the same as an IPO. Here is the list.

ITI Long Term Equity Fund

Mutual Fund

ITI Mutual Fund

Scheme Name

ITI Long Term Equity Fund

Objective of Scheme

To provide long-term capital appreciation by investing predominantly in equity and equity related securities. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Scheme Type

Open Ended

Scheme Category

Equity Scheme - ELSS

New Fund Launch Date

15-Jul-2019

New Fund Earliest Closure Date

New Fund Offer Closure Date

14-Oct-2019

Indicate Load Seperately

Entry Load – Not applicable Exit Load: Nil

Minimum Subscription Amount

Rs. 500/- and in multiples of Rs. 500/- thereafter

Mutual Fund

SBI Mutual Fund

Scheme Name

SBI Capital Protection Oriented Fund - Series A (Plan 6)

Objective of Scheme

The scheme is a close-ended capital protection oriented scheme. The scheme endeavors to protect the capital by investing in high quality fixed income securities that are maturing on or before the maturity of the Scheme as the primary objective and generate capital appreciation by investing in equity and equity related instruments as a secondary objective. However, there can be no assurance or guarantee that the investment objective of the scheme will be achieved. The Scheme is “oriented towards

Scheme Type

Close Ended

Scheme Category

Income

New Fund Launch Date

12-Sep-2019

New Fund Earliest Closure Date

26-Sep-2019

New Fund Offer Closure Date

26-Sep-2019

Indicate Load Seperately

Minimum Subscription Amount

Rs. 5,000/- and in multiples of Re. 1/- thereafter

Mutual Fund

Tata Mutual Fund

Scheme Name

Tata Banking & PSU Debt FUnd

Objective of Scheme

The investment objective of the scheme is to generate reasonable income, with low risk and high level of liquidity from a portfolio of predominantly debt & money market securities issued by Banks,Public Sector Undertakings (PSUs), Public Financial Institutions (PFIs) and Municipal Bonds. However, there is no assurance or guarantee that the investment objective of the Scheme will be achieved. The scheme does not assure or guarantee any returns.

Scheme Type

Open Ended

Scheme Category

Debt Scheme - Banking and PSU Fund

New Fund Launch Date

19-Sep-2019

New Fund Earliest Closure Date

New Fund Offer Closure Date

03-Oct-2019

Indicate Load Seperately

Entry Load: N.A. Exit Load: NIL

Minimum Subscription Amount

5000/- & in multiples of Rs.1

Normally NFOs are available at a minimum investment of Rs.5000 and can be in multiples thereof. Often investors get attracted if the NFO is issued at Rs.10. That really does not mean anything as what matters is the quality of the portfolio and the timing off the entry.