Mutual funds raised ₹1.18 lakh crore by 239 NFOs in 2024 – INA NEWS

Asset administration firms have raised Rs 1.18 lakh crore by 239 New Fund Choices (NFOs) in 2024. On this, sectoral or theme based mostly fairness funds emerged as the primary selection of traders. This got here to gentle from the report launched by Germinate Investor Companies Analysis on Monday. Earlier than this, Rs 63,854 crore was raised by 212 NFOs in 2023 and Rs 62,187 crore was raised by 228 NFOs in 2022. Within the 12 months 2020, which was badly affected by the Covid-19 pandemic, asset administration firms had raised Rs 53,703 crore by 81 new choices.

This upward pattern in NFO issuance fee displays a powerful development trajectory and rising investor confidence. NFOs are often introduced in throughout a bullish market setting, when investor sentiment is excessive and optimistic. NFOs have been launched to reap the benefits of this optimistic pattern of traders and entice investments.

Trade consultants mentioned the inventory market efficiency in addition to constructive investor sentiments led to extra funds being raised by NFOs in 2024. In line with the report, final 12 months, sector-specific or theme-based funds, index funds and change traded funds (ETFs) gained vital curiosity from traders. “Throughout this era, 53 NFOs raised Rs 79,109 crore and these funds emerged as the primary selection of traders,” the report says.

Reliance Industries will launch Q3 outcomes on January 16, there was a rise in revenue within the September quarter.

Fairness funds created for particular sectors or themes have develop into well-liked amongst traders resulting from their targeted strategy and synergy with market developments. For the complete 12 months 2024, the Sensex rose 5,898.75 factors or 8.16 p.c and the Nifty rose 1,913.4 factors or 8.80 p.c.