Business
13 mutual funds collect Rs 471 crore in May, Motilal Oswal Contra Fund contributes Rs 267 crore – New funds delivered
The NFO market remained subdued. Of the 13 funds launched in May, 12 of them were from the passive space (Index as well as ETF). Together, they garnered net assets worth 471 cores highlighting investors cautious stance by not going overboard, said Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India.
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