NFO

NFO receives around 123,000 applications from over 70% of pincodes in India, the fund house says

The scheme will target aggregate dividend yield that is at least 50 per cent higher than the Nifty 50 index

At Rs 260 crore, average amount mobilised per new fund offer 57% below last financial year's tally

Nearly 40% NFOs filed since July are for these passive debt funds

They are more transparent and control both interest-rate and credit risk

The key investment theme would be identifying companies that have innovative thinking

Experts say broader market recovery can lead to higher mobilisation of assets

Second half of FY17 saw a sudden surge in these, mainly in closed-end category

Against 63 new schemes last year, segment offered only 19 funds, raising a paltry Rs 1,895 crore

In the absence of redemption pressures, they can pick multi-baggers. But, investors have to reconcile themselves to lower liquidity