 "FDI, INVESTMENT, investment, foreign investment, foreign direct investment, FPI, dollar inflow, GROWTH, MARKETS, FUNDS, SHARES, DEMAND, GROWTH, mutual fund, fund, stocks")
Mutual funds (MFs) are girding up for a raft of target maturity funds (TMFs) in the months to come. Between June and August, 22 of the 56 filings for new fund offerings with markets regulator Securities and Exchange Board of India were for these passive debt funds.
Aditya Birla Sun Life MF, HDFC MF, IDFC MF, Edelweiss MF, Mirae MF, Nippon MF, and Kotak MF are some of the fund houses that have filed for TMFs in recent months. The year of maturity for most of these schemes range between 2025 and 2037.
According to industry executives, the surge in
