Mutual Funds raised from NFO Rs. 63,854 crore fund

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Ahmedabad: Asset Management Companies (AMCs) have raised a total of Rs. 63,854 crore raised, slightly higher than a year ago amid a bullish market environment. 2022 through 228 NFOs Rs. 62,187 crore was collected.

Asset management companies managing mutual fund schemes in the year 2022 through 228 NFOs will invest Rs. 62,187 crore was collected. While in 2021 through NFO Rs. 99,704 crore and in 2020 Rs. 53,703 crore was collected.

With changing consumer behavior and higher standard of living requirements, investors know the importance of long-term investment. The pandemic has highlighted the need for financial planning and people are stressing on cash assets to weather the crisis and build wealth.

The stock market remained strong in 2023 due to strong economic activities, stable GST collections and confidence in government reforms and policies, but it is unreasonable to expect a repeat of this performance in 2024. Given the high market valuations, caution is warranted regarding investing in equities in the short term.

A maximum of 57 NFOs were issued in January-March 2023, but in the July-September period, a maximum of Rs. 22,049 crore was raised. Apart from this, 29 sector-based funds spent last year a total of Rs. 17,946 crore was collected. Retail investors preferred these funds over other products due to increased exposure to equities and increased awareness of the products and offerings.

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