News From Press Mutual Funds Raise Rs 1.18 Lakh Cr via NFOs in 2024

Mutual Funds Raise Rs 1.18 Lakh Cr via NFOs in 2024

Source: Rediff Money/PTI 19 hours ago

Asset management companies launched 239 new fund offerings (NFOs) mobilising Rs 1.18 lakh crore in 2024, with sectoral or thematic equity funds emerging as the top choice of investors, according to a report by Germinate Investor Services Research.

This was higher than 212 NFOs collecting Rs 63,854 crore in 2023 and 228 NFOs garnering Rs 62,187 crore in 2022.

The NFO landscape expanded from 81 offerings in 2020 to 239 in 2024, besides, the funds raised through the space more than doubled from Rs 53,703 crore in 2020. The trend suggests a strong growth trajectory and heightened investor confidence.

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