 "mutual funds")
Mutual funds (MFs) have ratcheted up Rs 53,700 crore through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches this year eclipsing the 2021 tally.
Industry insiders cite the absence of launches in popular categories as the reason behind lower collections this year.
Typically, only NFOs in popular categories from major fund houses rake in the moolah.
For example, three of the top five highest-grossing NFOs in 2021 were from the top two fund houses - SBI MF and ICICI Prudential MF. These three launches were in popular categories
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