Mutual Funds New Schemes May Come Next Month Asset Management Company

Mutual Funds Scheme: In the coming days, new schemes of...

Mutual Funds Scheme: In the coming days, new schemes of many mutual funds may come in the market. If you are also planning to invest money then this can be a good opportunity for you. Let us tell you that many asset management companies are busy preparing for bringing new schemes of MF next month. The three-month moratorium imposed by the market regulator SEBI on the offer of new funds is now going to end.

Prohibited till the implementation of the new system
The Securities and Exchange Board of India (SEBI) had put a moratorium on introducing new fund offers till the new system is implemented. SEBI has set a deadline of July 1 for the implementation of the new system.

6 documents submitted by AMC to SEBI
Seeing the end of the ban period, mutual fund companies have started preparing to bring new fund schemes. This month, at least six AMCs have submitted documents to SEBI for approval to launch new schemes. At the same time, between April and May, a dozen companies had submitted documents to SEBI for 15 schemes.

176 funds were introduced in 2021-22
In the financial year 2021-22, AMC raised Rs 1.08 lakh crore by offering 176 new funds. Prior to this, 84 new fund offerings were introduced in the year 2020-21. However, in the current financial year 2022-23, only four fund offers have been made so far from which only Rs 3,307 crore has been raised.

New offer fund season will return
Swapnil Bhaskar, Head of Strategy, Neo, a banking platform aimed at young investors, said, “It looks like the new fund offering season is about to return from the next quarter. For two quarters, AMC companies were busy making arrangements for compliance of SEBI directions. Apart from this, the ongoing volatility in the market also contributed to the stalling of the new offering.

Read also:
Government can take a big decision regarding GST, rates may change

9 companies of Sensex got bumper profit, TCS was at the fore, know how much mcap increased?

Spin on News

Spin On News Provide Best Content .

Leave Your Comment