Why Are Mutual Fund NFOs Making Record-breaking Collections?

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Equity markets have risen phenomenally in the past one year, despite an incomplete recovery in business. The buoyant equity markets have attracted a swathe of initial public offerings (IPOs) like bees to a honey-pot.

The mutual fund (MF) business, too, has taken advantage of the rising equity markets by launching a number of new funds. Newly-launched schemes have been able to beat…

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