In December, 34 mutual fund NFOs raised Rs 13,852 crore, with 33 open-ended and one close-ended fund. Sectoral and thematic funds led with Rs 11,337 crore. Key launches included funds from Aditya Birla, Axis, Bajaj Finserv, and ICICI Prudential. Index funds raised Rs 1,361 crore, and multi-asset allocation funds mobilised Rs 470 crore.
Motilal Oswal initiates coverage on KPR Mill, 7 other textile stocks with up to 43% upside. Own any?
Motilal Oswal has initiated coverage on eight textile companies, turning bullish on Gokaldas Exports, Indo Count, Arvind Fashions, Pearl Global and Welspun Living. The brokerage