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.
Quantum Nifty 50 ETF FOF will allow investors to invest in Nifty 50 index without a demat account; the fund will invest in units of Quantum Nifty 50 ETF, a passive scheme with a track record of 14 yearsÂ