Apply Now Offer Price Rs.899 only. Use Coupon Code= intern899 Training Program Detail: Course Fee Rs.999 Course Duration 1 Month= 20 classes Timings Monday to Friday Training Modes Online & Classroom Training Program Description This externship is intelligently devoted to our passionate actors generally admitting and appreciating the very fact that they are on the trail of creating a career in the Data Science discipline. This Training is meant to make sure that also to gaining the needful theoretical knowledge, the compendiums gain sufficient hands- on practice of the word Data Science profession. relatively a training institute, the Training program is the right approach to prompt employment in Data Science. India is growing digitally every day. The demand for Data Science is growing big a day. The benefits of a knowledge Data Science Basic Training Program are in numerous, beginning with the chance to figure with professionals within the field, up to p...
What is NFO?
A new fund offer (NFO) is the first subscription offering for any new fund offered by an investment company.
A new fund offer occurs when a fund is launched, allowing the firm to raise capital for purchasing securities
Any Asset management company launching a new mutual fund in the market can raise capital for the same by announcing a new fund offer (NFO), similar to the concept of an Initial Public Offering (IPO), details of the portfolio such as the company share to the purchased, kind of security to be procured, fund manage etc are incorporated in such a new fund offers
Working Process of NFO
As per SEBI regulations, a new fund offering can remain active in the market for maximum of 30 days, offer price to subscribe such mutual fund is Rs 10
After a new fund offer closes, any trade of a respective mutual fund has to be done based on Net Asset Value (NAV) of the fund.
Subscribing to a mutual fund through new fund offers is profitable as investors get access to respective units at a nominal cost, hence profit realized at a later date is substantial, allowing individuals to realize immense capital gains once the mutual fund start trading in the market
Types of NFO
Closed ended funds
A closed ended mutual fund scheme is where your investment is locked in for a specified period of time. You can subscribe to close ended schemes only during the new fund offer period (NFO) and redeem the units only after the lock in period or the tenure of the scheme is over.
open ended funds
Open ended funds are always open to investment and redemptions; hence, the name open ended funds. Open ended funds are the most common form of investment in mutual funds in India. These funds do not have any lock-in period or maturities; therefore, it is open perennially. Generally open-ended funds do not have any maximum limit (of AUM) up to which it can collect investments from public
Name of the Scheme
category
Minimum Investment
Canara Robeco Value Fund
An open-ended equity scheme following a value investment strategy
Lump sum: Rs. 5,000.00 and multiples of Re.1.00 thereafter.
Subsequent purchases: Rs. 1000.00 and multiples of Re. 1.00 thereafter
UTI Focused Equity Fund
Focused Fund
Initial investment is Rs.5,000/- & in multiple of Rs 1/-
SBI Balanced Advantage Fund
An open-ended dynamic asset allocation fund
Rs. 5000/- & in multiples of Re.1
SBI Fixed Maturity Plan
(FMP) - Series 49 (1823
Days)
Close ended,
Income
Rs. 5,000/- and in multiples of Re. 1/- thereafter
Comments
Post a Comment