Mutual Funds Approach Sebi With 16 NFO Proposals This Year

New Delhi, Feb 23 (PTI) To tap the growing demand from retail investors, mutual fund houses have filed draft papers with market regulator Sebi to launch 16 New Fund Offers.

Retirement, fixed maturity plan (FMP) and equity are some of the themes that for which mutual fund houses have filed applications.

Mutual Funds Approach Sebi With 16 NFO Proposals This Year

DSP Black Rock MF, Tata MF, ICICI Prudential MF, DHFL Pramerica MF and Indiabulls MF have filed for fixed maturity plan.

In addition, Birla SunLife MF has approached for banking ETF and ICICI Prudential has submitted the draft document for retirement fund.

Since the beginning of the year, draft documents for 16 NFOs have been submitted with the Securities and Exchange Board of India (Sebi.) Of these, 5 draft offers have been filed so far this month, while 11 papers were submitted in January.

According to market participants, MF houses are rushing towards Sebi to launch new schemes on account of growing demand from retail investors for such products as well robust response received from investors in the recent fund launches.

There has been growing demand from retail investors for mutual fund products as the investors base touched a record high of 4.64 crore in January. A total of 191 draft papers were filed last year with the capital markets watchdog.

PTI

Read more about: mutual funds
Story first published: Tuesday, February 23, 2016, 13:55 [IST]
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