Navi Mutual Fund announced the launch of the Navi NiftyIT Index Fund. The scheme opened for public subscription on March 11, 2024, and will close on March 22, 2024.
After a three-month hiatus, new fund offerings (NFOs) have made a strong comeback with asset management companies launching over two dozen mutual fund schemes in July.
The new funds have been launched across the board actively managed equity funds, debt, index funds and exchange-traded funds (ETFs). Interestingly, passively managed funds, particularly ETFs, continue to dominate the NFO market.