New Fund Offer (NFO)

Close ended

These NFOs stay open for few days and can be invested in during the NFO period only. Once the NFO period is over, one cannot invest in
that scheme. Also, these NFOs have a predefined maturity date on which the scheme gets closed and the investors get their money along with the returns earned during that period.

Open ended

These NFOs are available for purchase at their face value during the NFO period. Later on, it reopens and becomes a normal scheme, which allows investors to buy and sell units on a continuous basis. The units are bought and sold at the Net Asset Value (NAV) after the NFO period gets over.