A New Fund Offer (NFO) refers to the first-time subscription offering for a new mutual fund scheme launched by an asset management company (AMC) in the market. Much like an Initial Public Offering (IPO) for stocks, an NFO provides investors with the opportunity to invest in a new mutual fund at its launch. During the...

SBI has launched a new scheme called ‘SBI Energy Opportunity Fund’, which is an open-ended equity scheme following the energy theme. As the country is developing, its energy consumption is bound to grow in the future. This rising demand creates robust investment opportunities across various energy segments. The emphasis of the Government is also to...