News From Press Mutual fund scheme launches to pick up pace as markets stabilise

Mutual fund scheme launches to pick up pace as markets stabilise

Source: Business Standard Jun 15, 2024

New fund offerings (NFOs) by mutual funds (MFs) are set to gather pace with the election uncertainty getting over, equity prices remaining buoyant, and volatility subsiding. Since June 4, when the election results were announced, MFs have approached the Securities and Exchange Board of India (Sebi) for 14 NFO approvals. Another close to two dozen NFOs, which were filed with Sebi in the past two months, are also in the pipeline.

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