About 60 NFOs mobilise Rs 27,000 cr in six months amid buoyancy in markets

While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses

Domestic asset management companies (AMC) have launched around 60 new fund offers (NFOs) in the last six months and mobilised around Rs 27,000 crore. Fund houses are rushing to launch new funds amid buoyancy in the equities market.

While it is a common practice to line up new offerings during a bull market when investor sentiment is at the peak, officials in the industry believe that NFOs launches are largely to complete their bouquet of products.

“The market regulator has come out with the categorisation of schemes and fund houses are coming with schemes that are not there in their