Mutual Fund - NFO
Is NFO a no brainer for investment? Because it will increase more often then not :)
Absolutely wrong! Most advisors sell NFo because they get high commission on that. NFOs are riskier than already active funds because you don’t even know the track record of the fund manager. NAV 10 becoming 20 or NAV 500 becoming 1000 is same returns. It’s just a misconception in people that NFOs are good! 7990744040 dm me and will guide you in detail for better investment planning!
Many NFO if unsustainable get merged into other funds.
NFO is a way to attract Capital from trends and hype.
Dumb money follows trends, smart money create trends.