New Delhi, March 19 -- Choice Mutual Fund, backed by Choice International, has launched new fund offers (NFOs) for two passive index schemes - the Choice Nifty 50 Index Fund and the Choice Nifty Next 50 Index Fund. The NFOs will open on Thursday, March 19 and will close on Thursday, April 2.

NFO, or New Fund Offer, refers to the initial subscription phase of a newly launched mutual fund scheme, similar to how an IPO works for stocks.

"At Choice Mutual Fund, our focus is on creating simple, transparent and disciplined investment solutions that allow investors to participate in India's long-term growth story. The launch of the Nifty 50 and the Nifty Next 50 Index Funds provides investors with core equity exposure with a structured framewo...