Mutual fund houses launched 10-12 equity new fund offers (NFOs) every month in the last three years. That the flood shows no signs of subsiding is evident from the number in 2024. Already, 67 new schemes have been launched so far this year, indicating an increase in momentum. Almost half of these schemes are actively managed.
For the first time in three decades, that is, ever since the private sector mutual funds started operations in November 1993, the number of equity and hybrid NFOs crossed the 100-mark every year between 2021 and 2023, according to data from Value Research.
