News From Press Mutual funds ride bull market with NFOs; mop-up rises multi-fold

Mutual funds ride bull market with NFOs; mop-up rises multi-fold

Source: The Hindu Businessline Jul 12, 2021

Mutual funds have made the most of the bull run in the capital market by not only delivering better returns but also flooding the market with new fund offers to attract good inflow.

Thanks to the digital evolution, fund houses have mopped-up ₹7,540 crore through launch of 25 NFOs in the June quarter against raising just ₹429 crore via nine NFOs in same period last year.

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