27 Jun 2022 , 11:31 AM
Furthermore, AMCs have a portfolio of passive funds on the fixed income and equity sides, as well as selective launches in specific categories to fill product gaps.
The Securities and Exchange Board of India (SEBI) had suspended the launch of NFOs until the new pool account systems were determined, and the regulator had set July 1 as the deadline for the new system’s implementation.
So far during this month, at least six AMCs Sundaram MF, LIC MF, Baroda BNP Paribas MF, PGIM India Mutual Fund, and Franklin India MF have filed offer documents with SEBI to seek approval for the launch of new schemes.
Further, over a dozen fund houses have filed draft papers with the regulator for 15 schemes during the April-May period.
As new processes are put in place and they see value in the market as a result of the correction, some AMCs will begin launching new fund offerings (NFOs).
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