News From Press Decoded: Into which mutual fund category is the money flowing?

Decoded: Into which mutual fund category is the money flowing?

Source: BS Feb 13, 2024

The third quarter of fiscal year 2023-24 saw 49 new fund offerings (NFO), which cumulatively garnered Rs 16,093 crore during the NFO period, according to the domestic fund flows report by Morningstar India. period. The highest number of open-end schemes were launched in the sectoral category—nine followed by seven in the index funds category.

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