Investors are putting more faith in the new equity fund offers by mutual funds than established products these days. Wealth advisors said tepid performances of existing schemes and better distributor commissions have led to a flow of fresh investor money into new offerings in the past three months.
New fund offers (NFOs) from equity-linked mutual funds have raised close to Rs 6500 crore over the last 100 days. In comparison, actively managed equity mutual funds saw outflows of Rs 7214 ..
