 "funds")
After a lull, the mutual fund industry has come up with a slew of New Fund Offers (NFOs), with at least 15 announced so far in July. This does not include launch of the fixed maturity plans (FMPs).
Securities and Exchange Board of India (Sebi) had ordered a suspension on the launch of NFOs this April as the industry could not implement the norm of not using pool accounts to invest in MF folios. As the industry implemented the rules of fund flow, the NFO ban was lifted.
What is on offer?
The new fund offers include a wide
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