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Mutual fund collection from NFO increased 4 times to Rs 22000 crore in September quarter, 48 new funds launched during this period
Mutual fund realization through New Fund Offering (NFO) increased almost four times to Rs 22000 crore during July-September of the current financial year compared to the previous quarter. 48 new funds were launched in the market during this period. More funds may come into the market in the coming time. Read what is the complete news.
According to the latest data, mutual fund collections through New Fund Offering (NFO) increased almost four times to Rs 22,000 crore in the July-September period of the current financial year compared to the previous quarter. During this period, 48 new schemes have come into the market.
“More NFOs can be expected in the coming quarters as many AMCs become operational and offer similar and differentiated products to equity and debt investors,” Gopal Kavalireddy, vice president of research at FYERS, told PTI.
According to experts, investors have faith in India's growth and the emergence of new sectors in the organized sector. In such a situation, more and more companies are raising money through new offerings in the primary and secondary markets.
