New Fund Offers: Opportunities And Challenges
Should you subscribe to New Fund Offers (NFOs)? While the buzz surrounding each NFO is tremendous and may tempt you to take the leap, it is important to make informed choices. The article weighs the pros and cons of investing in NFOs
In recent years, the mutual fund industry in India has witnessed a proliferation of New Fund Offers (NFOs), signifying a remarkable surge in the introduction of these investment avenues. The statistics speak for themselves with the second quarter of FY24—July, August and September—seeing the launch of a total of 47 NFOs, collectively mobilising an impressive Rs 21,861 crore. A broader perspective reveals that year-till-date (YTD) 128 NFOs have made their debut, attracting a substantial Rs 41,787 crore in investments. It’s important to note that these numbers pertain exclusively to open-ended funds.
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