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NFOS: Look for unique ideas
Published On , 21 Nov 2017 By ET Wealth
NFOS: LOOK FOR UNIQUE IDEAS
Until recently, a large number of investors thought that investing in the new fund offer (NFO) of a mutual fund was just like investing in a high-profile initial public offer (IPO). They thought such investments were a gateway to some quick returns through listing gains. This, in some way, also influenced investors’ decision to not invest in mutual fund schemes with high net asset values (NAVs).
This idea__investing in an NFO is always rewarding__is a myth. Also the absolute NAV of a MF scheme should not matter if the fund itself is a good one with a long track record.
Things to remember while investing in an NFO
>The return potential of the fund being launched should be the starting point while deciding to invest in any MF scheme. In case of an NFO, however, the fund’s track record and the quality of its portfolio doesn’t hold good.
>The fund manager’s track record and his/her ability to generate good performance in recent years are also the factors to look at.
>Another factor to consider is if the NFO is offering any new idea to invest in. Check with other existing funds in the market to have an idea about is unique which no other fund offers. Seen another way, an NFO could offer a unique edge to your overall portfolio that no other fund could possibly offer.
>Also, since mutual funds are long term products, look for a proposition in the NFO that supports this aspect of investment.
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