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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.
Quantum Nifty 50 ETF FOF will allow investors to invest in Nifty 50 index without a demat account; the fund will invest in units of Quantum Nifty 50 ETF, a passive scheme with a track record of 14 years
Uniindia: Chennai, July 14 (UNI) Quantum Mutual Fund today announced that it will launch Quantum <br /