A mutual fund is an investment vehicle that pools individual investor contributions, utilizing the collective funds to purchase gold, bonds, stocks, and other assets. These funds are managed by companies that fulfill the criteria to become Fund Houses or Asset Management Companies (AMCs), supervising investments and easing investor transactions.Fund managers are responsible financial professionals who have experience with mutual funds and have a background in investment analysis and management. In order to achieve the goals of the fund, they use the money that investors donate to buy financial assets such as stocks, bonds, and real estate.

For NFO
NFO stands for "New Fund Offer" in the context of investments, particularly in mutual funds. When a mutual fund company launches a new mutual fund scheme for the first time, it is referred to as an NFO.
Investors should also consider the risks associated with NFOs, such as market volatility, lack of track record (since it's a new scheme), and the possibility of the fund not meeting its investment objectives. It's essential for investors to conduct thorough research, assess their investment goals and risk tolerance, and consult with financial advisors before investing in NFOs or any other investment opportunity.