Equity NFO pipeline remains strong despite equity market weakness

Quick Summary:

Since January, AMCs have introduced 135 equity schemes, both active and passive, outpacing the 88 launches recorded in 2023.

However, this is not the case right now,” says Akhil Chaturvedi, executive director and chief business officer of Motilal Oswal.“The market has corrected somewhat, but sentiment hasn’t taken a big hit.

The number of filing with markets regulator, Securities and Exchange Board of India (Sebi), suggests this momentum will continue with asset management companies (AMCs) seeking approval for 21 more equity schemes in October.

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Category: BusinessFinance

Markets: India

Topics: NFO momentum Index Fund Mutual fund Markets NFO Motilal Oswal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-05 @ 19:33:14 (13 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 464 words

Reading Time: 3 minutes read

Sentences: 17 lines

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Copyright Owner: © Business Standard

News ID: 23435867

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