MFs storm market with 47 new equity offerings mopping up Rs 9,000 cr

10 NFOs are closing this month; list features over a dozen passive schemes, including index funds and ETFs that have gained popularity among investors

The year 2020 has seen a robust pipeline of equity new fund offerings despite the pandemic and the wobble in the stock market in the early part of the year.

At least 47 NFOs have hit the market this year garnering about Rs 9,000 crore, of which 10 are closing this month. The list features more than a dozen passive schemes, including index funds and exchange traded products that have gained popularity among investors. While the amount collected is a tad lower than last two years, it may surpass the previous two years' collections by the end of the year.