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.
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.