You can ignore most mutual fund NFOs, only some are worth investing in

Stock market peaks are usually accompanied by a flood of new fund offers (NFOs) from asset management companies. This year was no different. The number of open-ended equity NFOs being launched zoomed in the October-December quarter.While mutual funds ask investors to avoid the herd mentality, they practice the opposite by all coming out with NFOs at the same time. A look at the recent NFOs will reveal that many of them were dedicated to the