2024's record NFO run extends into new year
Business Standard|January 09, 2025
Six equity MFs launched in January so far, with 2 being industry firsts
ABHISHEK KUMAR
2024's record NFO run extends into new year

The strong momentum in the new fund offering (NFO) space, which took launches in 2024 to a record high, has extended into the new year.

Six equity mutual fund (MF) NFOs have opened for subscription so far in 2025, including industry-first offerings like ICICI Prudential MF's Rural Opportunities Fund and WhiteOak Capital MF's Quality Equity Fund.

Other new launches include the Mirae Asset Smallcap Fund, Bandhan Nifty Alpha Low Volatility 30 Index Fund, Kotak Nifty Smallcap 250 Index Fund, and UTI Quant Fund.

2024 was a record year for NFOs, with launches exceeding 200 for the first time, even as debt fund launches declined. NFOs in the equity space, including active funds and index funds, numbered more than 150, according to data from Morningstar India.

This story is from the January 09, 2025 edition of Business Standard.

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This story is from the January 09, 2025 edition of Business Standard.

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