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Increasing trend in the release of new funds!
Posted on: 03/Mar/2015 5:19:05 PM
With a bullish trend in the stock market, mutual funds organisations are preparing for New Fund Offers (NFO).
Mutual Fund organisations have applied to SEBI to start 32 new funds.
SEBI received 13 applications in January and 19 applications in February for approval to start new funds.
After approval from SEBI, some new funds have been released.
Most of them are related to stock market. There has been great response for the newly released funds. This has prompted the mutual fund organisations to release more new funds.
