It is not only the Initial Public Offer (IPO) market that's bustling. New fund offerings (NFOs) launched by mutual fund houses have also seen a big boost this year.
A total of 37 equity NFOs collected Rs 11,961 crore in the first eight months of 2017. This is the highest mobilisation through new offers since 2008. Launches, at eight, had hit bottom in 2012. With revival in the secondary market and consistent inflow into MF schemes since early 2014, the activity here has seen a gradual pick-up.
