28 mutual fund NFOs raise ₹3,829 crore in October
In short
Mutual funds launched 28 new schemes in October and collected ₹3,829 crore. The launches included index funds, equity ETFs, debt funds, fund of funds, hybrid schemes and close-ended funds, and ICICI Prudential Contra Fund raised the most.
What the reporting says
Mutual funds launched 28 new schemes in October and raised ₹3,829 crore from the offerings. Economic Times Mutual Funds said the launches covered index funds, equity ETFs, debt funds, fund of funds, hybrid schemes and close-ended funds, with ICICI Prudential Contra Fund leading collections. The data shows a busy month for new fund launches and investor demand.
Why it matters
Mutual funds launched 28 new schemes in October and collectively raised ₹3,829 crore. The figures indicate strong appetite for new mutual fund offers during the month.