New fund offerings (NFOs) by mutual funds (MFS) are set to gather pace with the election uncertainty getting over, equity prices remaining buoyant, and volatility subsiding.
Since June 4, when the election results were announced, MFs have approached the Securities and Exchange Board of India (Sebi) for 14 NFO approvals. Overall, there were 20 fund launches in this month.
Another close to two dozen NFOs, which were filed with Sebi in the past two months, are also in the pipeline.
The fund launch momentum, especially in the equity space, has been strong in the past year amid positive equity market sentiment.
In the calendar year (CY) 2023, MFS launched 51 active equity schemes, which collected a total of ₹36,657 crore. In the first five months of CY 2024, MFS have launched 19 active equity funds and collected ₹23,515 crore. Including the SBI Automotive Fund NFO's ₹5,710 crore collection, the aggregate goes up to nearly ₹30,000 crore.
Diese Geschichte stammt aus der June 15, 2024-Ausgabe von Business Standard.
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