Current NFOs: How to Read a New Fund Offer
What an NFO period, riskometer, and exit load actually mean, plus where to see every currently open NFO, verified live on AMFI.
Official Live Source
AMFI: Current New Fund Offers
The live, official list of every open NFO across all AMCs, maintained by AMFI.
How to Read an NFO Announcement
A reference guide, not live data; use it alongside the official source above.
| Term / Field | What It Means |
|---|---|
| NFO Period | The window (usually a few days to a few weeks) during which units are sold at a fixed offer price, generally ₹10 per unit, before the scheme reopens for regular daily-NAV transactions. |
| Scheme Category | The SEBI-defined category the fund belongs to (e.g. Flexi Cap, Sectoral/Thematic, Debt); this tells you the mandate and risk profile more reliably than the marketing name. |
| Benchmark | The index the fund's performance will be measured against once it has a track record: check whether the benchmark actually matches the fund's stated strategy. |
| Riskometer | A SEBI-mandated visual scale (Low to Very High) showing the fund's risk level based on its category and portfolio construction, disclosed in every NFO document. |
| Exit Load | A fee charged if units are redeemed before a set holding period, relevant if you might need the money back sooner than the fund's intended horizon. |
| Fund Manager | The person(s) who will actually manage the portfolio, worth checking their track record on other funds they run, since the new scheme itself has none yet. |
Why Understanding NFOs Matters
NFOs are marketed as a fresh opportunity, and sometimes they are, but the pitch rarely mentions the one thing every existing fund has that a new one doesn't: a track record. A fund that's been running for five years has real NAV history, real drawdowns you can inspect, and a real comparison against its category peers. A brand-new scheme has none of that, just a stated mandate and a fund manager's track record on other funds they've run.
Understanding what's actually inside an NFO document, and what questions it doesn't answer, is what separates an informed decision from simply following a marketing push.
Why We Link to AMFI Instead of Listing NFOs Ourselves
NFO windows open and close on their own schedule, sometimes within just a few days, and a stale list is actively misleading: it could show you an offer that's already closed, or omit one that just opened. AMFI's own portal is updated in real time as fund houses file and close offers, so rather than maintain a copy that could lag, we link straight to the authoritative source below.
How to Read an NFO Announcement
Every NFO document follows a similar, SEBI-mandated structure: the offer period and price (usually ₹10 per unit), the SEBI-defined scheme category, the benchmark index, a riskometer rating, applicable exit load, and the named fund manager. The glossary below breaks down what each of these terms actually means and what to check in each one before deciding whether an NFO is worth your attention.
Frequently Asked Questions
Direct answers to the questions we hear most often. No hedging, no ambiguity.
Contact for specific questionsAn NFO is the initial subscription window for a newly launched mutual fund scheme, typically open for a set number of days, after which the fund starts trading at a daily NAV like any other open-ended scheme.
They're new, which makes for an easy pitch, but a new scheme has no track record: no NAV history to check, no multi-year returns to compare against similar funds already in the market. That gap is worth remembering before any NFO pitch, however compelling.
AMFI maintains the definitive, live list of every open NFO across all fund houses at amfiindia.com/new-fund-offer, updated as offers open and close. We link directly to it below rather than maintaining our own copy, since a list even a few days stale could show an offer that's already closed.
Not inherently riskier by category, but it does carry a specific kind of uncertainty: you're trusting the fund manager and mandate without any evidence of how they'll actually execute it. An existing fund in the same category at least gives you a real track record to evaluate.
Our Team's Credentials
AMFI MF Distributor (2823) & MF/SIF Distributor (300788)
CFP Certification, FPSB India
MDRT (6x): Rekha Guliani
LUTCF, The American College of Insurance
Chairman Club, ICICI Prudential MF
More Mutual Fund Tools
Considering an NFO Someone Pitched You?
A new scheme has no track record to lean on. Talk to a member of our credentialed team before committing to one.
A member of our team will confirm a time within one business day.
We do not charge anything for the guidance we provide. For any investments made through us, the AMCs may pay us a commission. Our recommendations are based on your risk profile, time horizon, and financial requirement, not on the commission we may earn.