Equity MFs mop up Rs 46,700 crore through new fund offers in 2021

Highest in 10 years, with 13 of 70 equity schemes cornering 75% of amount raised

Buoyant stock markets and strong performance of equity schemes have led to equity funds mobilising Rs 46,752.37 crore through new fund offers (NFOs) in the current calendar year (2021, or CY21). The data from Value Research shows that NFO collection in CY21 was the highest in a decade, with 13 of the 70 equity schemes cornering 75 per cent of the amount raised.

ICICI Prudential Flexicap Fund and ICICI Prudential Business Cycle Fund were the top funds which collected Rs 9,808 crore and Rs 4,185 crore, respectively, in NFOs.

Asset management companies (AMCs) had collected the amount by launching schemes