 "With 53 launches, here's the fundraising by equity NFOs so far in FY18")
The current financial year has been a strong year for the mutual fund (MF) sector in terms of flows into the equity segment through New Fund Offers (NFOs).
There were 54 new launches (both open and closed-end funds) in this category, including equity-linked savings schemes. The money raised through this was Rs 247.4 billion, a more than fivefold jump against the previous year. Further, the contribution of equity NFOs in overall equity flows increased to 15 per cent, from less than seven per cent in the previous year.
In FY18 (till February), inflow into equity schemes has been
There were 54 new launches (both open and closed-end funds) in this category, including equity-linked savings schemes. The money raised through this was Rs 247.4 billion, a more than fivefold jump against the previous year. Further, the contribution of equity NFOs in overall equity flows increased to 15 per cent, from less than seven per cent in the previous year.
In FY18 (till February), inflow into equity schemes has been
