Equity NFOs

Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.

Average collection between April-July was Rs 377 cr, over twice the average in previous four months; Experts say uptick in markets could improve investor sentiments, drive higher flows

In FY18 (till February), inflow into equity schemes has been Rs 1.6 trillion, compared to Rs 702 billion in FY17

Asset mobilisation by way of new fund offers (NFOs) in the equity segment has hit a nine-year high. India's burgeoning fund industry collected nearly Rs 16,700 crore - highest since the 2008 Global Financial Crisis.A total of 52 new equity schemes are launched by several fund houses thus far in 2017, majority of them are close-ended in nature. The total NFO count this year is less than that in 2014. However, in average offer size has helped the industry mobilize almost double of it did in 2014. The average NFO size this year has been Rs 321 croreSector officials say that new fund offers are something which the industry can't do away with. This is in contrast to the view held by them after 2008 that NFOs were going out of fashion. In fact, NFO had taken a back-seat between 2009 and 2013. However, the unprecedented inflows from domestic investors have helped reversed the trend.Swarup Mohanty, chief executive officer (CEO) of Mirae Asset Mutual Fund, says, "The rising trend of the NFO ..

Over Rs 11K cr collected in first eight months of 2017

Fund houses launch 28 schemes to garner Rs 7,500 cr, amid buoyancy in the secondary market