A new mutual fund offering often attracts investor attention. At present, three new equity schemes—from Mirae Asset Mutual Fund, Principal Mutual Fund and ITI Mutual Fund—are open for subscription, apart from a debt fund from Indiabulls. After the new fund offer (NFO) window closes, these will be available for regular subscription as open-ended funds. Let us look at some of the points investors should consider before putting in money in the NFO phase.
Fund house track record
