News From Press Market meltdown drags NAV of select NFOs below ₹10

Market meltdown drags NAV of select NFOs below ₹10

Source: The Hindu BusinessLine Aug 2, 2022

The recent turbulence in equity market has pulled down the net asset value (NAV) of 42 new fund offers (NFOs) of mutual funds (MFs) launched in the last one year below their face value of ₹10. If not for the relief rally last month, they would have been stuck deep in the red.

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