Around nine open-ended mutual fund NFOs were floated in the market in April, which together collected Rs 1,532 crore, according to the monthly data released by Amfi. Here is the break up.
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Around six index funds were launched in April, which together mobilised Rs 269 crore. All these six funds were offered by Tata Mutual Fund.
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3/6
One in sectoral/thematic fund
Only one sectoral/thematic fund was launched in April. Bandhan Innovation Fund mobilised Rs 707 crore.
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One flexi cap scheme was launched in April. TrustMF Flexi Cap Fund collected Rs 512 crore during its NFO period.
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One retirement fund was also launched. The fund was offered by PGIM India Mutual Fund. PGIM India Retirement Fund collected Rs 44 crore during its NFO period.
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Always choose a scheme based on your risk appetite, investment horizon and goal when making investment decisions.
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