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The inflow pushed the asset base of equity mutual funds (MFs) to Rs 12.8 trillion by September-end, from Rs 11.1 trillion at the end of June
25% of the collections came from Tier-II towns and more than 10% of the 150,000 applications received came via SIPs
Over two-third was collected from beyond the top 8 cities; jump in average ticket size plays its part
Domestic investors may lend support to markets in the event of any intermittent correction, say experts
The Nifty50 concluded the August expiry series with gains of 5.4 per cent; it has made higher highs and shallower lows for the last four weeks
However, the regulator has not quantified the minimum amount that needs to be invested by the fund houses.
Asset managers have collected nearly Rs 20,000 crore of inflows via the NFO route in the past six months
While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses
10 NFOs are closing this month; list features over a dozen passive schemes, including index funds and ETFs that have gained popularity among investors
Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.
Sundaram Bluechip Fund is an open-ended equity scheme predominantly investing in large cap blue chip stocks
The majority of active funds still outperform their benchmarks and passive funds don't have a long track record in these two segments
Fund houses have launched ETFs in both equity and debt segments
The digital capability of the MF industry has helped NFOs have a wider access to different parts of the country, despite the current lockdown conditions
Investment advisors say that an NFO is best avoided unless it has a unique proposition
New product launches in equity segment set to gain traction as scheme re-categorisation nears conclusion