 "mutual funds, factor funds, active momentum, multi-factor funds, ICICI Prudential, Bandhan MF, Kotak MF, Mirae Asset, quantitative investing, equity funds")
The factor fund launch spree by mutual funds (MFs) is moving from the passive to the active space. Two new fund offerings (NFOs) — ICICI Pru Active Momentum Fund and Bandhan Multi-Factor Fund — are currently open for subscription. Sundaram MF’s multi-factor fund NFO closed on Wednesday.
Besides, Kotak MF is set to launch an active momentum fund later this month. Mirae Asset MF also has plans to launch a multi-factor fund through the fund-of-funds route.
The launches in the active factor space coincide with the rising adoption of quantitative (quant) investing in the MF industry. Fund houses have been
