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.
Bonus issue alert: This smallcap stock goes ex-bonus for a 3:1 issue this week. Do you own?
Metropolis Healthcare’s shares will trade ex-record date for its 3:1 bonus issue on Friday, meaning only shareholders holding the stock by the record date are