New Fund Offers (NFOs)

Every scheme code that appears for the first time in AMFI's daily NAV file is detected automatically and logged here — often before it's widely reported elsewhere.

The "detected" count is our own day-by-day pipeline tracking (scheme-level); the industry figures alongside are AMFI's official monthly aggregate. The two won't match exactly — AMFI's count includes NFOs across all plan variants and reports on its own monthly cycle, while ours flags each new scheme the day it first appears.

Recently detected

What is an NFO?

A New Fund Offer is the initial subscription window for a newly launched mutual fund scheme, typically open for a short period before the fund reopens for ongoing purchase at the prevailing NAV.

The ₹10 NAV myth

A common misconception is that an NFO's starting NAV of ₹10 makes it "cheap" or better value than an existing fund trading at a higher NAV. It doesn't. A fund with a NAV of ₹500 and one with a NAV of ₹10 can hold identical portfolios and charge identical expense ratios — the unit price is arbitrary and says nothing about cost or future returns. What actually determines cost to you is the expense ratio, not the NAV level.

How to evaluate an NFO

• Category fit first. Does this scheme's mandate fill an actual gap in your portfolio, or does it just sound interesting?
• No track record yet. An NFO has no NAV history — any performance claims in its marketing are necessarily about the market or strategy in general, not this specific fund's execution.
• Expense ratio, once published, matters more over the long run than the initial NAV or launch marketing.
• Thematic/sectoral NFOs in particular tend to launch after a sector has already rallied — read the fine print on concentration risk before chasing a hot theme.
• Once an NFO closes and starts publishing regular NAVs, it will appear in our category pages and AMC directory alongside established funds.