Around 21 mutual fund NFOs were floated in March which includes open-ended and close-ended schemes, they together mobilised Rs 4,146 crore. Two close-ended and 19 open-ended new fund offers were opened for subscription.
10 fund houses with smallest AUM or assets under management indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
The Navi Overnight Fund will also offer an insta-redemption feature, which allows investors to instantly redeem a maximum of Rs 50,000 or 90% of the current investment value