News From Press Mutual funds rake in record Rs 14,370 crore via equity NFOs in June

Mutual funds rake in record Rs 14,370 crore via equity NFOs in June

Source: BS Jul 13, 2024

A strong influx of 11 equity new fund offers (NFOs) in June, particularly within the thematic space, helped mutual funds collect Rs 14,370 crore — the highest ever via such introductory offers.

This surpassed the previous high recorded in July 2021, where four NFOs accumulated Rs 13,709 crore, with ICICI Prudential MF’s flexicap NFO alone mobilising Rs 9,808 crore.

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