New fund offers (NFO) in mutual funds is similar to initial public offering (IPO) where a company before launching its share on the stock exchange offers the shares to the investors for subscription. In a similar manner, before launching the fund officially in the market the mutual fund houses offer the units so that investors are able to make an investment in that particular fund.
GST reforms will eventually impact market interest rates: Saugata Bhattacharya
“In principle, monetary policy is always ready to support growth, but not at the cost of price stability. The proposed GST rate slab transition changes