scorecardresearchAfter a 3-month lull; it's raining mutual fund NFOs in July

After a 3-month lull; it's raining mutual fund NFOs in July

Updated: 31 Jul 2022, 12:30 PM IST
TL;DR.
According to industry data, as many as 18 asset management companies (AMCs) launched a total of 28 mutual fund schemes in July. Of the 28 NFOs, 24 are underway and the remaining four have been closed.
There was a lull in the NFO space as the Securities and Exchange Board of India (Sebi), in April, had barred fund houses from floating new schemes till the time the industry complied with its norms concerning the pooling of investors' funds by intermediaries and distributors. The deadline for the implementation of the new guideline was July 1. (Shutterstock)

There was a lull in the NFO space as the Securities and Exchange Board of India (Sebi), in April, had barred fund houses from floating new schemes till the time the industry complied with its norms concerning the pooling of investors' funds by intermediaries and distributors. The deadline for the implementation of the new guideline was July 1. (Shutterstock)