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A mid market buoyancy, the ₹60 trillion mutual fund (MF) industry is rolling out new fund offers (NFOS) to capture a larger share of incremental investor flows.
Since the start of June, MFs have launched 29 new products in the active equity and passive spaces alone. This tally is nearly half of the total launches in these two categories in the previous five months of 2024.
MF executives say that while equity market sentiment has been positive for several months now, the launches have gathered pace recently with the resolution of election uncertainty and recent high-frequency indicators cementing a strong economic growth outlook.
While the launches in the active space mostly revolve around themes such as the business cycle, manufacturing, and special opportunities, offerings in the passive space have mostly been in new themes.
This story is from the July 09, 2024 edition of Business Standard.
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This story is from the July 09, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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