Nothing new in yet another new fund being offered, 10 Rs NAV and many other reasons to avoid almost all new fund offers.
Answering Why fund house come up with NFOs? Why fund house don’t come up with new funds often? and When you should avoid investing in NFO?
Review and Analysis of new fund from Mirae Asset – MIRAE Asset Korea Discovery Mutual Fund.
Lets do a Review and Analysis and get into finer details of the New Fund Offer from Religare Fund House “Religare PSU Equity fund” and try to see if there is anything unique about this fund for us.
Axis Mutual Fund House will shortly be filing for both equity and debt products. These offerings should be available by October / November of this year.