Fund houses approached Sebi for as many as 11 NFOs in January 2020, the number fell to six in February and further dropped to just one in March and nil in April. It was six each in May and June, eight in July, one in August and two in September.
In comparison, such proposals stood at 114 in January-September 2019, data available with Sebi showed.
The number of proposals for new fund offers (NFOs) filed by mutual fund houses with market regulator Sebi slumped 64 per cent to 41 in the first nine months of 2020 largely due to high volatility, uncertainty in the market and redemptions from established schemes.
