90 days on, MFs line up NFOs as embargo lifts; a dozen schemes expected

Experts say the resumption of NFOs will help support inflows into equity schemes, which are key to offset selling by foreign funds

Domestic mutual funds (MFs) go into overdrive to launch a clutch of new fund offers (NFOs), following the end of a three-month embargo. Industry players say about a dozen NFOs in the equity and hybrid categories will kick off over the next few weeks as asset management companies (AMCs) look set to take advantage of pent-up demand and fall in valuations.

On Tuesday, Edelweiss AMC’s multi-cap Focused Equity Fund and WhiteOak Capital Flexicap Fund opened to subscription.

Next week, Quantum AMC's first index fund will open for subscription.
 

Since April, the Rs 37-trillion MF industry has not rolled out a