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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

NFOs
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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.

Chirag Madia Mumbai
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.

With sharp surge in Indian equity markets and strong returns generated by the equity funds, investors have been flocking towards NFOs of MFs. Last month, ICICI Prudential Flexicap fund had received Rs 9,808 crore in its NFO. In 2017, passive fund--BHARAT 22 exchange traded fund (ETF)

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First Published: Aug 25 2021 | 7:12 PM IST

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