After a three-month hiatus, new fund offerings (NFOs) have made a strong comeback with asset management companies launching over two dozen mutual fund schemes in July.
The new funds have been launched across the board actively managed equity funds, debt, index funds and exchange-traded funds (ETFs). Interestingly, passively managed funds, particularly ETFs, continue to dominate the NFO market.
Motilal Oswal Asset Management Company has launched factor-based funds such as Motilal Oswal S&P BSE Quality ETF & Motilal Oswal S&P BSE Quality Index Fund, and Motilal Oswal S&P BSE Enhanced Value ETF & Motilal Oswal .