In the world of mutual funds, you might often come across the term NFO, which stands for New Fund Offer. Think of it as something similar to a company launching a new product in the market. In this case, the "product" is a mutual fund scheme, and an NFO represents the Offer of units of a new scheme.
To answer the question, “What is NFO in mutual funds?” In simple terms, we can say that it is a new mutual fund scheme launched by any existing Mutual Fund or a a new Mutual Fund. which that did not exist before.
When you invest in an NFO, you essentially provide your money to the mutual fund, and the fund manager uses these funds to make the investments outlined as per the scheme’s
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