Mutual fund houses approach SEBI with 64 NFOs this year
Oct 18 2016
News Category: Regulatory Updates
With growing interest in mutual fund among retail investors, asset management companies have filed draft offer documents with Securities & Exchange Board of India for as many as 64 new schemes, this fiscal. Some of the themes for which mutual fund houses have filed the applications include equity, debt, retirement, hybrid, and fixed maturity plans. Some mutual fund houses are keen to launch NFOs with Hindi names so that investors in rural areas understand the objective of the schemes in a better manner.