Year-ender 2024: Mutual funds raise over Rs 1 lakh crore via 205 NFOs; sectoral and index funds top contributors
Mutual funds were busy launching new fund offerings or NFOs in 2024. Fund houses launched a record number of 205 mutual fund schemes in the said period. This includes active and passive, open- and close-ended mutual funds in both equity and debt segments. The number does not include the schemes launched in December. (Source: AMFI)
Around 205 mutual fund NFOs were floated in the market in 2024 which together collected Rs 1.04 lakh crore. Around 198 open-ended funds collected Rs 1.03 lakh crore whereas seven fixed term plans which are close-ended funds collected Rs 954 crore in the said period.
Also Read | Year-ender 2024: Top 10 equity mutual funds of the year. Do you have any?
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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-116459873»>In 2024, the highest number of funds launched were in the index fund category. Around 76 index funds were launched in the said period which together collected Rs 11,896 crore in 2024. According to the monthly data released by Association of Mutual Funds in India (AMFI), in 2024 till November (last available data) index funds were launched in every month with highest being in October. Around 17 index funds were launched in October.
The next category to witness maximum launches was Other — ETFs. In 2024, around 41 other — ETFs were launched which together collected Rs 1,438 crore.
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