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Mutual funds see healthy inflows through equity NFOs in FY19: Report

What needs to be borne in mind is that collections in FY18 were boosted by flows into Bharat-22 ETF

Ashley Coutinho 

equity

The current financial year saw sizeable flows into the equity segment through new fund offers (NFOs). Equity NFOs garnered nearly Rs 10,000 crore through open-ended schemes in FY19 through 46 new launches, data from Value Research shows.

While the mop-up is better than any year from FY14 to FY17, it is a 46 per cent drop over the collections of Rs 18,500 crore in the previous fiscal.

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What needs to be borne in mind is that collections in FY18 were boosted by flows into Bharat-22 ETF. For closed-ended schemes, the collections amounted to Rs 4,921 crore in FY19 compared with Rs 21,181 crore in FY18.

First Published: Fri, March 29 2019. 00:39 IST
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