AMFI data show 11 new MF scheme launch in Apr mobilising fund worth Rs. 1,306 crore
May 15 2019
News Category: Industry Update
According to the data from Association of Mutual Funds in India, a total of 11 new schemes were launched in Apr 2019. Out of the total 11 new schemes, 5 schemes were open ended while 6 were close ended income/debt-oriented FMPs. Within open ended schemes, overnight funds had 2 new scheme launches, while liquid, sectoral and other schemes had 1 new scheme launch each. During the month, total fund mobilised under open ended and close ended schemes were Rs. 922 crore and Rs. 384 crore respectively, cumulating to Rs. 1,306 crore.