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Revamped debt fund tax slows the roll of new MF launches

The launch of new schemes by mutual funds (MFs) has decelerated due to changes in debt fund taxation.

During the first half (H1) of this financial year (April-September 2023), fund houses introduced a total of 73 new fund offerings (NFOs), compared to 183 in the second half (H2) of 2022-23, or FY23 (October-March), according to data from the Association of Mutual Funds in India.

However, a higher proportion of equity and hybrid fund launches has driven up average collections. ....

Dominic Xavier Rediff , Association Of Mutual Funds , Mutual Funds , Whiteoak Capital , Business News , Usiness News India , Ndia Business News , Ndian Economy News , Ndian Financial News ,