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Forts Mutual Fund KEY INFORMATION MEMORANDUM FORTS FIXED TERM FUND SERIES 16 B (A 18-month Close ended Income Scheme with no assured returns) Offer of Units Rs. 10 each for cash during the New Fund
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The term 'new fund offer opens' refers to the period during which investors can subscribe to a new mutual fund scheme for the first time.
There is no specific entity or individual required to file for a new fund offer. However, mutual fund companies are responsible for launching and promoting new fund offers.
Investors can fill out a new fund offer by completing the subscription form provided by the mutual fund company. This form typically requires personal and financial information, as well as the desired investment amount.
The purpose of the new fund offer opens is to give investors the opportunity to invest in a newly launched mutual fund scheme. It allows them to be among the early subscribers and potentially benefit from any potential capital appreciation.
The mutual fund company must provide information such as the investment objectives, asset allocation, fund manager details, risk factors, fees, and expenses associated with the new fund offer. This information helps investors make informed investment decisions.
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