Investing in Tata MF NFO

I am an NRI, with moderate to high risk-taking ability. I already have some investments in mutual funds via Systematic Investment Plans (SIPs). Recently, I noticed that Tata Mutual Fund has launched an NFO - Own a piece of India (6 funds in total, 5 new 1 existing fund). Is it a good scheme to invest? Is it the right time to invest on this scheme?
- Manikandan Palanivel

We do not recommend investing in New Fund Offers (NFOs) of mutual funds. We believe that it is always better to bet on a scheme with a proven performance record than an untested scheme.

This article was originally published on December 17, 2015.