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Mutual Funds NFO, Are They Worth Investing?

I am amazed, at times stunned, seeing people run after the mutual fund NFO’s (New Fund Offer). As it is, the financial market is extremely volatile, thanks to the escalating prices of crude oil which has touched the seemingly impossible peak of $140 per barrel. This coupled with the scarcity of foodgrain has seen the predictions of many a financial guru crumble to dust. People have been hard hit by inflation all over the world, yet there is this rare breed of people who do not wait to reason before jumping in to purchase a NFO. They are doing so because the same is being offered at its base price… so what?

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