News From Press Mutual Funds float a dozen NFOs so far this year on broader market recovery

Mutual Funds float a dozen NFOs so far this year on broader market recovery

Experts say broader market recovery can lead to higher mobilisation of assets

Business Standard Feb 22, 2020

The mutual fund (MF) industry is seeing a strong pick-up in new fund offerings (NFOs) with over a dozen new products being launched or filed by MFs in the current calendar year. According to industry experts, the rising pile of NFOs could be attributed to broader market recovery and fund houses looking to fill-up gaps in their product basket. "From September last year, market breadth has been improving.

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