Sebi reopens doors for pending new fund offers in the equity segment

New product launches in equity segment set to gain traction as scheme re-categorisation nears conclusion

The Securities and Exchange Board of India (Sebi) has resumed the process of giving a nod to pending applications for new fund offers (NFOs) in the equity segment. New approvals were put on the back-burner, amid implementation of scheme re-categorisation norms. 

The regulator had directed the 42-player mutual fund (MF) industry to re-align its schemes to put an end to duplication and ensure they reflected their investment objectives.

Data from Value Research shows that as many as five open-ended equity schemes were launched in August. This is the highest tally seen in at least one-and-a-half years. Industry players said a