Get latest articles and stories on Latest News at LatestLY. Mutual Funds as an investment avenue won the confidence of investors in 2021 with the industry adding a staggering Rs 7 lakh crore to their asset base during the year on the back of buoyant equity markets and a bunch of large new fund offerings (NFOs), but the new year could be tricky depending on the Omicron situation and possible interest rate hikes. Latest News | Mutual Funds Add Rs 7-lakh Crore to Kitty in 2021; Omicron, Rate Hikes Possible Red Flags for 2022.