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New fund offerings (NFOs) floated by mutual funds (MFs) to fill product gaps, or offer focused exposure to an investment theme, are likely to see limited collection due to weak investor sentiment and disruption of offline channels amid a nationwide lockdown.
NFO collections in March dipped to Rs 1,310 crore — 48 per cent lower than the previous month.
“Fresh allocations from investors to new funds can be challenging, given weak investor sentiment. Several investors are considering halting existing allocations due to prevailing market volatility,” said Arun Kumar, head of research, FundsIndia.
Some fund houses have rescheduled or extended their NFO timelines
