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Business Standard

SBI Balanced Advantage NFO gets Rs 12,000 cr, best ever among active funds

Officials in the company said they are expecting another Rs 1,000 crore as online applications will continue till midnight

Topics
Mutual Funds | MF schemes | Markets

Chirag Madia  |  Mumbai 

NFOs
Before ICICI Prudential’s Flexicap fund, Reliance Focused Largecap Fund and Reliance Natural Resources Fund had seen inflows of Rs 5,790 crore and 5,660 crore respectively through its NFOs.

SBI Balanced Advantage Fund has received the highest ever collection seen in the active funds space in its new fund offer (NFO) which closed on Wednesday. Officials in the company stated that they have received Rs 12,000 crore and are expecting another Rs 1,000 crore as online applications will continue to come till midnight.

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First Published: Wed, August 25 2021. 19:12 IST

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