Mutual funds’ collection via new fund offerings increased about four times to Rs 22,000 crore in the July-September period in the current fiscal year, against the preceding quarter, owing to 48 new schemes entering the market. Gopal Kavalireddi, VP - Research, FYERS, in his outlook, said, “Going forward, more NFOs can be expected in the coming quarters as several AMCs …
The asset management companies are slowing the pace of launching new mutual funds schemes and drafted the documents for only 59 new fund offerings so far this year. In August so far, only two draft documents were filed by fund houses Bajaj Finserv Mutual Fund and WhiteOak Capital Mutual Fund, as per data from market regulator Securities Exchange Board of …
