News From Press Mutual fund draft NFOs touch 125 so far this year

Mutual fund draft NFOs touch 125 so far this year

The draft documents for 125 NFOs have been submitted with the Securities and Exchange Board of India (Sebi). Interestingly, many mutual fund companies are looking at index funds and global funds.

Economic Times Nov 5, 2019

With just two months to go for the year-end, draft papers for nearly 125 mutual fund schemes have been filed by asset management companies with Sebi so far in 2019, much lower than 211 such documents submitted in entire 2018. Fund houses attributed the fewer NFOs (new fund offers) in 2019 to tepid investors' sentiment and liquidity crisis in debt funds.

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