Explainer: What is a mutual fund NFO? What are key considerations before investing in NFO?

New fund offers (NFO) in mutual funds is similar to initial public offering (IPO) where a company before launching its share on the stock exchange offers the shares to the investors for subscription. In a similar manner, before launching the fund officially in the market the mutual fund houses offer the units so that investors are able to make an investment in that particular fund.

from Economic Times https://ift.tt/8tzdZni