In March, Sebi received just a single New Fund Offer (NFO) filing request, from Nippon India Mutual Fund. A month later, in May, SBI Mutual Fund filed for two NFOs. Interestingly, both these requests were for passive funds. The Coronavirus pandemic has hit the number of NFO requests from fund houses since January this year. There were 11 NFO filings in January, which fell to 6 in the March and to 2 in May.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
Read More