Asset managers have collected nearly Rs 20,000 crore of inflows via the NFO route in the past six months
While new offerings are usually launched during a bull phase when investor sentiment peaks, industry officials believe these NFOs launches are largely to complete bouquet of products from fund houses
10 NFOs are closing this month; list features over a dozen passive schemes, including index funds and ETFs that have gained popularity among investors
Axis Special Situations Fund will tap domestic and global markets; UTI Small Cap Fund will invest in small cap stocks.
Sundaram Bluechip Fund is an open-ended equity scheme predominantly investing in large cap blue chip stocks
The majority of active funds still outperform their benchmarks and passive funds don't have a long track record in these two segments
Fund houses have launched ETFs in both equity and debt segments
The digital capability of the MF industry has helped NFOs have a wider access to different parts of the country, despite the current lockdown conditions
Investment advisors say that an NFO is best avoided unless it has a unique proposition
New product launches in equity segment set to gain traction as scheme re-categorisation nears conclusion