Flexicap category emerges as a hot segment in Rs 11 trn equity MF space

After ICICI Pru MF's record-breaking NFO, multiple funds look to follow suit with offers

The recently-created flexicap fund category is emerging as the hottest segment in the Rs 11-trillion equity mutual funds space.

Buoyed by the success of ICICI Prudential Flexicap Fund, more fund houses are lining up new fund offerings (NFO) in this area. Industry players say the flexicap category could emerge as the biggest segment in the equity MF space.

Last week, ICICI Pru Flexicap NFO’s collected a record Rs 10,200 crore. Meanwhile, Nippon India MF on Tuesday announced the launch of Nippon India Flexicap Fund and ITI MF filed an offer document with market regulator Sebi for a flexicap scheme.

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