New fund offers, or NFOs, are the flavour of the season. That could be the reason why asset management companies (AMCs) have launched 16 NFOs recently.
The rush by fund houses to launch new schemes comes after the markets regulator, Securities and Exchange Board of India (Sebi), set 1 July as the deadline for the implementation of a new system. It had in April banned the launch of NFOs until the new systems were in place.
