Getty ImagesMutual fund houses were extremely busy in 2022. Fund houses launched a record number 149 mutual fund schemes in 2022. This includes active and passive, open- and close-ended schemes in both equity and debt segments. The number does not include schemes launched in December. In comparison, 117 schemes were launched in 2021.
This year saw a lot of new passive funds coming to the market, both on the equity as well as debt side. However, the most inflows went to equity schemes. Data from Morningstar reveals that active equity schemes and sectoral funds were the winners this year. The top spot was taken by SBI Multicap Fund with Rs 8,986.65 crore in the month of inception. The scheme was launched on March 8, 2022.
Two sectoral funds made it to number two and three of this list. Both these schemes were from ICICI Prudential Mutual Fund. ICICI Prudential Housing Opportunities Fund and ICICI Prudential Transportation & Logistics Fund accumulated Rs 3,158.95 crore and Rs 2,401.92 crore respectively in their inception month. Here’s a look at the top 10 schemes that garnered the most amount of inflows in their inception month.
Source: Morningstar
On the ETF side, the inflows into NFOs were not big. Of the 149 schemes launched in 2022, 35 were exchange traded funds or ETFs. The two schemes that managed to accumulate more than Rs 100 crores in the first month were both silver ETFs. The silver ETF category is the newest entrant to the mutual fund industry and several silver ETFs were launched in 2022. Nippon India Silver ETF saw inflows worth Rs 211.76 crore in its inception month. On the second spot was ICICI Prudential Silver ETF with an inflow of Rs 106.03 crore in its inception month.
Source: Morningstar
Mutual fund advisors do not recommend new fund offers, unless the scheme offers something that is not available in the market. Financial planners and advisors say that this year many retail investors were attracted to NFOs and invested in riskier NFOs.
This year saw a lot of new passive funds coming to the market, both on the equity as well as debt side. However, the most inflows went to equity schemes. Data from Morningstar reveals that active equity schemes and sectoral funds were the winners this year. The top spot was taken by SBI Multicap Fund with Rs 8,986.65 crore in the month of inception. The scheme was launched on March 8, 2022.
Two sectoral funds made it to number two and three of this list. Both these schemes were from ICICI Prudential Mutual Fund. ICICI Prudential Housing Opportunities Fund and ICICI Prudential Transportation & Logistics Fund accumulated Rs 3,158.95 crore and Rs 2,401.92 crore respectively in their inception month. Here’s a look at the top 10 schemes that garnered the most amount of inflows in their inception month.
On the ETF side, the inflows into NFOs were not big. Of the 149 schemes launched in 2022, 35 were exchange traded funds or ETFs. The two schemes that managed to accumulate more than Rs 100 crores in the first month were both silver ETFs. The silver ETF category is the newest entrant to the mutual fund industry and several silver ETFs were launched in 2022. Nippon India Silver ETF saw inflows worth Rs 211.76 crore in its inception month. On the second spot was ICICI Prudential Silver ETF with an inflow of Rs 106.03 crore in its inception month.
Mutual fund advisors do not recommend new fund offers, unless the scheme offers something that is not available in the market. Financial planners and advisors say that this year many retail investors were attracted to NFOs and invested in riskier NFOs.
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