Asset management companies files 12 new offerings
Shital Jibhe / 06 Feb 2017
As mutual funds are gaining momentum among retail investors, asset management companies have filed draft offer documents with securities and exchange board of India (SEBI) for 12 new schemes since the start of 2017.
As mutual funds are gaining momentum among retail investors, asset management companies have filed draft offer documents with securities and exchange board of India (SEBI) for 12 new schemes since the start of 2017.
The companies involved in filing the offer documents for new fund offers with market regulator SEBI are Sundaram, Edelweiss, ICICI Prudential, Reliance, DSP BlackRock, SBI, HDFC and IDFC.
Seeing the increasing interest among retail investors and their good response, the fund houses seems to be in a rush to launch new schemes. Fixed maturity plans, equity and debt are some of the themes on which the mutual fund houses have filed applications to SEBI. The proposed system is expected to make it easier for the existing and new market intermediaries to complete their registration and other regulatory filings with SEBI much faster and in a cost-effective way.
The schemes will be opened for subscription soon after the necessary clearance. Last year, close to 106 draft papers were filed with the capital market watchdog.
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