After A 3-Month Lull, It’s Raining Mutual Fund NFOs In July

In multiple cases, NFOs that are being launched and likely to be launched are where there are existing fund houses that are completing their product suite by adding to categories where they do not have a presence, Vishal Dhawan, board member, Association of Registered Investment Advisors, said.

NFOs are also being launched where interest rates being locked into as yields have moved up, or where there are new fund houses that can now start launching their schemes, he added.