From going green to women only: Mutual funds to differentiate in FY24

In FY24, asset management companies (AMCs) are set to try out new schemes to attract investor

Mutual funds (MFs) are lining up distinguished new fund offerings (NFOs) for the next financial year to win over investors after a lukewarm response to product launches in the 2022-23 financial year (FY23).

NFOs drew a lukewarm response in FY23 as launches were mostly in the passive debt space, which has a comparatively lower popularity among retail investors.

The limited launches in equity space also failed to rake in huge sums due to subdued investor sentiments in a volatile market. The NFO collections also suffered due to a three-month ban imposed by the Securities and Exchange Board of India (Sebi)