Fewer schemes, less confusion

A sharp decline in the number of equity new fund offers (NFOs) is good news for retail investors. Fund houses have launched just nine schemes since January, shows data from the Association of Mutual Funds in India (Amfi). When the stock market is doing well, fund houses make a rush to introduce the themes in vogue. For instance, the late 90s saw a number of information technology schemes. More recently, fund houses were bullish on infrastructure and public sector units

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