Life @ TradeIndia Research

Saturday, 28 January 2017

Take Advantage Of Mutual Funds File Papers With Sebi For 10 New Offerings In January - Read These Tips

Mutual funds gaining traction among retail investors, asset management companies have recorded draft offer reports with market regulator Sebi for as many as 10 new plans this month.

Equity, debt and fixed maturity plans (FMPs) are some of the themes for which the MF houses have documented the applications.

ICICI Prudential MF, Reliance MF, DSP BlackRock MF, SBI MF, HDFC MF and IDFC MF have filed the offer documents for new fund offers (NFOs) with the Securities and Exchange Board of India (Sebi).

The plans will be opened for membership soon after the necessary clearance.

According to market participants, fund houses are in a rush to dispatch new plans given increased interest among retail investors, and the recent fund launches have evoked good response.

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