We do not recommend investing in new fund offers because these funds don't have a track record
17-Sep-2015 •Research Desk
Some New Fund Offers (NFOs) are currently open for subscription. Can you suggest which one is good for investment?
- J Ganesh Kumar
We do not recommend investing in NFOs. We believe that investing in an existing scheme with a proven performance record is better than betting on an untested fund. The only exception you can make is when a fund house launches a useful product that do not exist in the market. However, this is very rare. Often fund houses launch NFOs to complete their product line or trying to cash on a trend to amass more assets under its management.