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Business Standard

Mutual funds' new-age technology schemes prove to be a non-starter

Despite several innovative tech FoF applications with Sebi, only one hits the market

Topics
Mutual Funds | asset management companies | Securities and Exchange Board of India

Abhishek Kumar  |  Mumbai 



Indian MF industry scaled an all-time high of Rs 35.31 trillion of net AUM as on July 2021 against Rs 31.42 trillion at the end of the last fiscal.
The fact that MFs have not filed papers for any technology fund since May 2022 also shows that fund houses do not think the present scenario is right for investment in tech companies

Until a few months ago, (AMCs) were gung-ho about new-age investment themes, seeking to launch passive schemes that invest in companies dealing in blockchain, internet of things (IoT), (AI), and cloud computing.

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First Published: Mon, December 05 2022. 19:20 IST

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