Buying mutual fund NFOs to get units at Rs10 is a misconception1 min read . Updated: 17 Jun 2021, 01:59 PM IST
- It is better to invest in existing funds instead of NFOs as there is more information about these funds like their portfolio, past performance and other details
I have ₹5 lakh and I'm thinking of investing in mutual funds as lump sum, especially in the NFO period, so that I can get the unit value at Rs10. Is it a good strategy to invest as a lump sum because existing fund NAV will be high?
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