How-to
NFO allotment
tracking
How to track allotment of a mutual fund NFO subscription
After subscribing to an NFO, tracking the allotment is straightforward: SEBI mandates 5-working-day allotment, and AMCs comply. The folio number and units credit visible on platform / SoA confirm the allotment.
Conflict-of-interest disclosure. This guide is published by WebNotes Editorial Team for informational purposes. WebNotes has no commercial relationship with any AMC or platform. No affiliate commission is earned.
Step-by-step procedure
See the procedure infobox above.
Allotment timeline
Per SEBI:
| Day | Event |
|---|---|
| T (NFO close) | Subscription window ends |
| T+1 to T+5 (working days) | AMC processes allotment |
| T+5 (at latest) | Allotment confirmed; folio created |
| T+1 after allotment | First daily NAV published |
| T+10 typical | Statement of Account issued |
Channels to verify allotment
| Channel | Detail |
|---|---|
| Platform dashboard | Real-time status |
| Email from AMC | Allotment confirmation |
| SMS from AMC | Optional; depends on AMC’s communication settings |
| RTA portal | CAMS / KFin investor portal |
| Statement of Account | Official; arrives T+10 |
| AMFI tracker | Some AMFI tools track NFO data |
Refund scenarios
NFO allotment can be rejected if:
- Insufficient funds for the subscription amount.
- KYC discrepancy detected at AMC processing.
- Bank rejection.
- AMC’s compliance check fails.
In rejection cases, refund credits to your bank within 5 working days. If delayed beyond that, SEBI mandates 15% per annum interest on the delayed amount.
NAV-applicable date
For NFO subscriptions:
- Subscription during NFO period: NAV applied is the allotment-date NAV (typically Rs 10).
- Subscription on / after NFO close, before allotment: Treated as regular open-ended subscription at applicable NAV.
Post-allotment
After allotment:
- Folio is created (new folio number if first investment at this AMC).
- Units credit to demat (if scheme is demat-mode) or SoA (folio-mode).
- Daily NAV publication begins.
- Scheme opens for ongoing subscription / redemption (open-ended) or stays closed (close-ended) until next event.
See also
- How to subscribe to a mutual fund NFO
- How to evaluate a mutual fund NFO
- How to decide NFO vs existing scheme
- How to subscribe to an ELSS NFO
- How to verify your first investment was successful
- How to place your first lump-sum MF subscription
- How to read a fund factsheet (first-time)
- How to place an MF redemption
- How to handle STT on MF redemption
- How to fix KYC on hold or rejected
- NFO (New Fund Offer)
- Scheme Information Document (SID)
- Key Information Memorandum (KIM)
- NAV (Net Asset Value)
- Folio number (MF)
- Statement of Account (MF)
- Consolidated Account Statement
- Applicable NAV cut-off rule
- SEBI SCORES
- CAMS
- KFin Technologies
- Investor grievance escalation matrix
- SEBI (Mutual Funds) Regulations 1996
- Mutual funds in India
- AMFI
- SEBI
External references
References
- SEBI (Mutual Funds) Regulations, 1996.
- SEBI Master Circular for Mutual Funds - allotment timelines.
- AMFI Best Practice Guidelines on NFO allotment.