In an NFO, you can subscribe to the units of the new fund, which is being launched, at an offer price which is usually set as ₹10After the NFO, an open-ended mutual fund becomes available for purchase and redemption on an on-going basis at the net asset value
2 min read27 Jul 2019The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared