Mutual Funds Collect Over Rs 1 Lakh Crore Through NFOs In FY22

Riding on intense retail investors’ interest and a sharp rally in equity markets, asset management companies (AMCs) launched 176 new fund offerings (NFOs) in 2021-22, garnering a whopping Rs 1.08 lakh crore.This was higher than 84 NFOs floated in 2020-21 and cumulatively, these funds were able to mobilize Rs 42,038 crore.

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