A lot has changed in the last couple of years for new fund offers (NFOs). Recently, one of India’s largest fund houses, ICICI Prudential, collected around Rs 10,000 crore in its NFO, ICICI Prudential Flexi-Cap Fund. To give you a perspective on this number, out of 400 odd equity dedicated mutual fund schemes, only 29 funds have asset under management (AUM) of greater than Rs 10,000 crore. Even within 30 flexi-cap funds that we have now, only seven of them have AUM greater than Rs 10,000 crore. This is probably the biggest collection by any single mutual fund scheme in India. Compare this with the start of the year 2019 when the fund houses had to extend the issue dates to collect a respectable amount in NFOs.
This highlights the euphoria around the NFOs. The last one year has been quite hectic in terms of launch of NFOs. According to a report by Morningstar, in FY21 the industry launched 110 funds which have collectively raised Rs 48,988 crore. Out of this, 45 funds were from the equity category that garnered around Rs 30,000 crore. Historically, we have seen that a lot of NFOs come when the equity market is doing well. The equity market from the lows of March 2020 has seen an impressive rise. This is also reflected in most of the equity dedicated funds that have delivered spectacular returns. Many categories of funds have generated returns in triple digits over the last 15 months. The last time we saw such a performance from equity-dedicated mutual funds was in 2017. Again in that year we saw 32 open-ended, equity-oriented NFOs getting launched.
Diese Geschichte stammt aus der August 02, 2021-Ausgabe von Dalal Street Investment Journal.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der August 02, 2021-Ausgabe von Dalal Street Investment Journal.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
How Good Are The Blue Chip Funds?
In the deep blue ocean of the Indian stock market, where volatility reigns supreme, investors often seek safe harbours. In such a scenario, can blue chip mutual funds emerge as a promising option for delivering better risk-adjusted growth? Vardan Pandhare explores
A Fortnight Of Ups And Downs In Indian Equities
ICICI Bank climbed 7.66 per cent after delivering robust quarterly results. Axis Bank and SBI also reached all-time highs, contributing to the rally.
Multi-Asset Funds: A Comprehensive Solution For Diversified Investing
The Indian mutual fund industry has experienced remarkable growth, mirroring the nation's economic expansion and the corresponding transition of savings into financial assets.
Thematic PSU Funds: Value For Money
From the fun of theme parties to the depth of thematic investing, explore how focusing on specific themes can shape your investment journey. Various investment themes are trending these days, with thematic PSU funds being one of them. Rakesh Deshmukh takes a closer look at the scenario
5 BEST Dividend Yielding Stocks
Historically, the portfolio of companies that have paid higher dividend yield has performed better than the broader market equity indices. And this becomes evident from the fact that the calendar year return of these indices shows that out of 15 years of study, in 7 years, Nifty Dividend Opportunities 50 has outperformed Nifty 500. The article examines the phenomenon while also listing the five best dividend-yielding stocks
"Innovation And Capacity Building Are Central To CPCL's Organizational Development & Long-Term Success"
Interview - Shri Arvind Kumar, Managing Director, Chennai Petroleum Corporation Ltd.
BEL: Celebrating 70 Years of Excellence
Bharat Electronics Limited started with humble beginnings and is now a global powerhouse that is constantly broadening its horizons while enhancing its efforts for more in-house developments. In this interview, Bhanu Prakash Srivastava, Chairman and Managing Director, BEL, talks about the extraordinary journey of the company and the strategies that it is presently implementing to expand its products and technologies within and outside the defence sector
PSU Stocks Enjoy Their Moment Of Glory
After a phase of lacklustre performance under dark grey clouds, Indian public sector enterprises are now enjoying prime space in the sunshine, turning out to be smart bets in the Indian market. Primarily, this amazing turnaround has taken place due to the government's focus on infrastructure development in order to propel the nation towards the status of an economic powerhouse and also the revolutionary decisions taken by the managements of the PSUs. The article details the PSUs to understand their current status
Vodafone Idea YET TO ACHIEVE PROFITABLE CONNECTIVITY
Looking at the company's solvency and liquidity position, it has significant amount of liabilities which are greater than the assets, making the shareholders' equity negative
Eraaya Lifespaces Acquires Luxury Staycation Property And Commercial Retail Spaces
Eraaya Lifespaces' recent developments in its hospitality business showcase a robust strategy aimed at expansion and diversification