Aditya Agarwala on 4 top recently launched thematic NFOs one can consider

economictimes.indiatimes.com:

Aditya Agarwala, Invest4edu, says «the top sectoral funds for me would run the gamut of sectors allowing us to take exposure in these sectors, keep us well covered and diversified as well. So Bandhan Financial Service Fund, Tata Digital India Growth Fund, Quant Manufacturing Fund and Nippon India Innovation Fund stand out according to me.»

Agarwala also says: «NFOs do not give any extra advantage over and above your existing mutual fund schemes which are there, so that myth that you should put money in an NFO just because the NAV is trading at 10, that is wrong. Plus, the expense ratio is slightly higher if you invest in an NFO. It is just that these funds, some of them are new and innovative and maybe they give you an exposure to the sectors which otherwise most of these schemes and mutual funds do not give you an exposure to.»

How has the year been as far as the launch of NFOs are concerned? It has been a fabulous year both on the front of NFOs and IPOs markets have been buzzing around and people have welcomed the NFOs as well but slightly lower as compared to 2022, I guess but very marginally.

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I guess 250 to 220 NFOs have come out, a few are still lined up and they are live at the moment but overall the response has been phenomenally well. This year, what is remarkable is we have seen a slew of sectoral and thematic funds which have seen a new launch and there has been a good participation as far as the response is concerned from most of the investors and market