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.
Ather Energy IPO to open for subscription as GMP stays weak. Should you bid?
Ather Energy’s IPO opens today, aiming to raise ₹2,981 crore through fresh equity and an offer for sale, where promoters and investors like Tiger Global