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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
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HDFC MF has approached the markets regulator seeking approvals for three NFOs — two sovereign green bond funds (SGBs) and one micro-cap fund

Abhishek Kumar Mumbai

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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)

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First Published: Mar 31 2023 | 8:13 PM IST

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