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.
| Date detected | Scheme | Category |
|---|---|---|
| 06-Jul-26 | Choice Overnight Fund - Growth Option | Overnight Fund |
| 06-Jul-26 | Choice Overnight Fund - Growth Option - Regular Plan | Overnight Fund |
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.
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.