Total money mobilisation through equity mutual funds reduced by 28 per cent in calendar year 2015. With cap on the upfront commission payout by the Asset Management Companies (AMCs) to distributors imposed from April, there has been a decline in the number of new launches and the assets garnered.
There were 63 equity new fund offers (NFOs) in 2015, mobilising assets worth Rs 8,816 crore, compared with mobilisation of Rs 12,219 crore through 75 equity NFOs a year ago.
