How Can I Apply for and Verify Allotment of NFOs in FYERS?
A New Fund Offer (NFO) is the launch phase of a new mutual fund scheme by an Asset Management Company (AMC). FYERS allows investors to apply for NFOs directly through its mutual fund platform when a scheme is open for public subscription.
How Does NFO Work?
A New Fund Offer (NFO) allows you to subscribe to a mutual fund at its base price—typically ₹10 per unit—before regular NAV-based trading begins.
- AMC announces the scheme and opens it for public subscription.
- Investors apply through FYERS Direct during the NFO window.
- After the NFO closes, units are allotted by the AMC based on the subscription.
- Investments are deployed as per the scheme’s objective.
- Units are credited to your Demat account within 5 working days of closure.
Types of Mutual Fund Schemes Launched Via NFO
- Open-end schemes: Remain open for ongoing purchase/redemption post-NFO. Suitable for long-term investors.
- Closed-end schemes: Have a fixed maturity and limited liquidity. Redemption before maturity is not allowed unless traded on an exchange.
- Exchange Traded Funds (ETFs): Passively track an index or asset and are listed and traded on stock exchanges post-NFO.
How to Apply for an NFO on FYERS?
- Visit FYERS Direct and log in with your FYERS credentials.
- Click on the NFO tab to view all active New Fund Offers.
- Select the scheme you want to apply for and enter your investment amount.
- Choose your preferred payment method and complete the transaction.
Note: NFO applications are accepted only during the official subscription window. Complete payment before the deadline to ensure participation.
How to Verify Your NFO Allotment?
Units are credited to your linked Demat account typically within 5 working days from the NFO closing date.
Option 1: Portfolio view
- Log in to FYERS (Web or App)
- Go to Portfolio > Mutual funds
- Check for the scheme and the units allotted after the settlement window
Option 2: Contract Note/Reports
- Log in to your My Account
- Navigate to Reports > Bills & Contracts
- Select the date range around the NFO allotment to view full details
Always read the Scheme Information Document (SID) before applying to any NFO. It includes key details like fund objectives, asset allocation, risks, and AMC background.
What If...
| Scenario | Outcome |
|---|
| You miss the NFO subscription window | You can still invest in open-end schemes once they reopen for ongoing purchase. |
| You want to exit a closed-end NFO early | You’ll need to wait for maturity or trade the units on the exchange (if listed). |
| You’re comparing NFO with existing schemes | Review the AMC's past performance, scheme strategy, and risk profile. |
| You don’t see units after 5 days | Check Portfolio or Contract Note reports. Contact us if not resolved. |
Last updated: 15 Sep 2025
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