NFOs

First ETF in India that capitalises on the mega trend in financialisation of savings into capital markets and insurance

The fund focuses on companies with higher profitability, lower debt, and more stable earning

Regulator proposes that companies failing to meet deployment deadlines without seeking an extension be barred from launching new schemes

The objective of the fund is to offer long-term capital appreciation by investing primarily in equity and equity-linked instruments of technology-focused companies

Fund will invest in debt and money market instruments like non-convertible debentures, bonds, certificates of deposits, commercial papers, treasury bills, G-secs

With a mix of sectoral, thematic, and diversified funds, investors have the opportunity to tailor their portfolios according to their financial goals and market outlook

Index funds add 1 million folios in July, 14% of total additions

Determining whether an IPO or NFO is better for investment depends largely on individual financial goals and risk tolerance

Investor tide swells by 1.2 million, reaching 48.1 million

Asset management companies launched 212 new fund offerings mobilising Rs 63,854 crore in 2023, marginally higher from previous year, on the back of significant uptrends in broader markets. In comparison, Asset Management Companies (AMCs) garnered Rs 62,187 crore through 228 New Fund Offerings (NFOs) in 2022. Further, they collected Rs 99,704 crore in 2021 and Rs 53,703 crore in 2020, according to data compiled by Morningstar India. "The trend towards the financialisation of assets in India is unmistakable. Aligned with changing consumption behaviours and a need for a higher standard of living, investors recognise the importance of long-term investing. The COVID-19 pandemic underscored the necessity for financial planning and the creation of liquid assets to address emergencies and pave the way for wealth-building," FYERS Research said in its report. It further said that "despite indices exhibiting strength, propelled by robust economic activity, steady GST collections, and confidenc

Axis Mutual Fund on Friday said it has collected over Rs 3,400 crore from the New Fund Offering (NFO) of its manufacturing scheme. Axis India Manufacturing Fund, an open-ended equity scheme, was open during December 1-15. The thematic fund received robust participation from investor segments from over 500 locations in the country and garnered close to 1.5 lakh applications, Axis Mutual Fund said in a statement. Further, fresh inflows accounted for nearly 70 per cent of the applications and the digital channel witnessed an overwhelming participation as well, contributing to nearly 20 per cent the total applications. "A significant 10 per cent of the applicants opted for long-term investments through SIPs (Systematic Investment Plans). Almost 30 per cent of the investors who invested in the NFO were new to Axis Mutual Fund, advocating their faith in us," B Gopkumar, MD and CEO, Axis AMC, said.

According to the fund house, over 150,000 investors subscribed to the NFO, putting in an average of Rs 85,000

The new fund offering has been open for subscription since December 5, 2023, and will close on December 15, 2023. The fund managers of the scheme are Anil Ghelani and Diipesh Shah

The investment objective of the scheme is to generate capital appreciation by investing predominantly in small-cap stocks.

The open-ended equity scheme has been benchmarked against the Nifty India Manufacturing TRI and will open on December 1, 2023

WhiteOak Capital Large & Mid Cap Fund will predominantly invest in Large and Mid Cap stocks with an aim to create a factor diversified balanced portfolio with high active share

Such behaviour leads to chasing funds that are past peak performance

The New Fund Offer for DSP BFSF will open for subscription on November 20, 2023, and will close on December 4, 2023

Mutual funds' collection through new fund offerings (NFOs) surged nearly four times to Rs 22,000 crore in the July-September period this fiscal compared to the preceding quarter as 48 new schemes hit the market. Going forward, more NFOs can be expected in the coming quarters as several AMCs become operational and offer similar and differentiated products to the equity and debt investors, Gopal Kavalireddi, Vice President of Research at FYERS, said. "With investors firmly believing in the India growth story and the emergence of new segments in organised space, more and more companies are seeking funds through primary and secondary market offerings. "To support these listed businesses, AMCs would be interested in launching more schemes across equity and hybrid categories, especially in the mid-, small-, and micro-cap market capitalisations," he added. During the quarter that ended in September 2023, 48 schemes were launched, which were cumulatively able to garner Rs 22,049 crore at t

The Bajaj Allianz Life Mid Cap Index Fund is designed to tap into the Nifty Midcap 150 Index's high-growth potential