New Fund Offerings (or NFOs) are different from normal lumpsum/one-time or SIP orders. They have a specified subscription period during which investors can apply for units. After the subscription period ends (NFO Close Date), the allotment process starts at the AMCs end. Within 7 business days of the NFO close date, AMCs are required to process unit allotment and confirm the same to investors.
Unit allotment should be processed and updated in your account within 7 business days of NFO Close Date. You may also receive automated unit allotment confirmations from AMC within this time.