34 mutual fund NFOs mobilised Rs 13,852 crore in December
mutual fund NFOs have mobilised Rs 13,852 crore in December of which 33 were open-ended funds and one was close-ended fund.
Among the 33 open-ended funds, 12 were index funds and sectoral/thematic funds each. Two schemes each were from long duration, multi asset allocation, and other ETFs each. In December, one multi cap,arbitrage, and children’s fund were launched.
Also Read | Only one equity mutual fund category offered positive return last month. Should you rejig allocation strategy?
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-117115017»>The 12 sectoral and thematic funds contributed the maximum of Rs 11,337 crore to the total NFO mobilisation. The new funds launched in the month included Aditya Birla Sun Life Conglomerate Fund, Axis Momentum Fund, Bajaj Finserv Healthcare Fund, Bank of India Consumption Fund, DSP Business Cycle Fund.
The other funds launched were ICICI Prudential Equity Minimum Variance Fund, Kotak Transportation & Logistics Fund, PGIM India Healthcare Fund, Quantum Ethical Fund, SBI Quant Fund, Shriram Multi Sector Rotation Fund, and Union Active Momentum Fund.
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