21 mutual fund NFOs mobilised Rs 4,146 crore in March

Around 21 mutual fund NFOs were floated in March which includes open-ended and close-ended schemes, they together mobilised Rs 4,146 crore. Two close-ended and 19 open-ended new fund offers were opened for subscription.

Among open-ended schemes, five sectoral/thematic funds were open for subscription. Baroda BNP Paribas launched its innovation fund. Edelweiss Mutual Fund and Kotak Mutual Fund launched their technology funds in March. Canara Robeco Mutual Fund came up with its manufacturing fund and Union Mutual Fund launched a business cycle fund. These five sectoral/thematic funds together raised Rs 3,074 crore.

Five index funds were also launched in March. These funds were from Axis Mutual Fund, HDFC Mutual Fund, ICICI Prudential Mutual Fund, Kotak Mutual Fund and Navi Mutual Fund. rs 178 crore was collected by these five index funds.

In March, three other ETFs were also launched. Motilal Oswal Mutual Fund came up with two funds – Motilal Oswal Nifty Realty ETF and Motilal Oswal Nifty Smallcap 250 ETF. DSP Mutual Fund also launched its fund in this category. These three other ETFs could raise Rs 22 crore.

Two long-duration funds and multi-asset allocation funds were launched in March. In the long-duration fund category, Bandhan Mutual Fund and Kotak Long Duration Fund came up with offerings in this category. These two funds together collected Rs 109 crore.

In the multi-asset allocation fund category, Mahindra Manulife Mutual Fund and Quantum Mutual Fund came up with their funds. These two schemes together collected Rs 260 crore.One dynamic asset allocation/balanced advantage fund was launched in the market in March. The fund was launched by Helios Mutual Fund, a new entrant in the mutual fund industry. The fund house launched the Helios Balanced Advantage Fund. Helios Balanced Advantage Fund collected Rs 136 crore.In March, one fund of funds investing overseas was also launched. DSP Mutual Fund launched the DSP US Treasury Fund of Fund. This fund collected Rs 48 crore.

In the close-ended category, two fixed maturity plans were launched. These schemes were Kotak Fixed Maturity Plan Series 329 – 90 days; Tata Fixed Maturity Plan Series 61 Scheme A (91 days). These two schemes together mobilised Rs 319 crore.


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