7 mutual fund NFOs are open for subscription now – New funds offering
Seven mutual fund NFOs are open for subscription now. Mutual funds offer new products to complete their bouquet of offerings. (Source: ACE MF) Source link
NFOs
New thematic schemes keep net equity fund inflows firm in August
The buy-to-sell ratio of equity funds reached an 18-month high of 2.1 in August helped by the new fund offers (NFOs) from sector funds, according to data from the Association of Mutual Funds in India (AMFI). This compares with the long-term average ratio of 1.6. A ratio greater than two indicates that buying inflows are … Read more
Indians can generate inter-generational wealth: Union Mutual Fund CEO Madhu Nair explains
Madhu Nair, CEO of Union Mutual Fund, has a bullish view on the investment landscape. That’s why he believes that the assets of mutual fund industry could touch Rs 140-200 lakh crore in 7-10 years. He feels money flows into equities and bonds in India will surprise over the next 10-15 years. Over the past … Read more
Mutual Funds: Equity fund inflows up by 17% to new high Rs 40,608 cr in June, thematic funds new favourites
AMFI June data: Equity mutual funds saw an inflow of Rs 40,608.19 crore in June, which is 17% higher and is a new high for the segment. According to the latest Association of Mutual Funds of India (AMFI) data, the monthly inflow in May was Rs 34,670.9 crore. The 17% hike is mainly due to … Read more