Hit by markets regulator Sebi’s ban on the launch of new fund offerings, mutual funds’ collection through fresh schemes remained subdued at Rs 62,342 crore in 2022-23, which was 42 per cent lower than in the preceding fiscal.
However, a higher number of NFOs were launched in 2022-23 (FY23) compared to the preceding year.
A total of 253 new schemes were floated in FY23, which was way higher than 176 new fund offers (NFOs) launched in 2021-22, according to the data compiled by Morningstar India.
Moreover, in the current fiscal so far, AMCs have floated 12 NFOs in different categories, the industry data stated.
In the past fiscal year, fund managers focused on passive funds and fixed income categories like fixed maturity plans.
As per the data, a total of 182 open-end funds and 71 closed-end funds were launched in the financial year 2022-23, and cumulatively, these funds garnered Rs 62,342 crore.
In comparison, 176 NFOs were floated in 2021-22 and cumulatively, these funds were able

Domestic stock markets would be driven by inflation numbers, global trends, and the last batch of Q4 earnings this week, analysts said.
Markets will also react to industrial production data and consumer inflation numbers that were released after market hours on Friday.
“Participants will react to macroeconomic data viz. IIP and CPI first, which were released post-market hours on Friday. WPI inflation data is also scheduled on May 15. Apart from economic releases, global cues, especially the performance of the US indices and the trend of foreign flows will also be in focus for cues,” said Ajit Mishra, VP – Technical Research, Religare Broking Ltd.
Retail inflation declined to an 18-month low of 4.7 per cent in April mainly due to falling prices of vegetables, oils and fats, and came closer to Reserve Bank’s target of 4 per cent, showed government data released Friday.
India’s industrial production growth slipped to a five-month low of 1.1 per cent in March from 5.8 per cent in …

Eight of the top 10 valued firms together added Rs 1,26,579.48 crore in market valuation last week, with Reliance Industries and Hindustan Unilever Ltd emerging as the biggest gainers.
Last week, the BSE benchmark jumped 973.61 points or 1.59 per cent.
Only ITC and Infosys faced erosion in their valuation, while Reliance Industries, Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank, Hindustan Unilever, State Bank of India, HDFC and Bharti Airtel were the gainers.
The market valuation of Reliance Industries jumped Rs 28,956.79 crore to Rs 16,80,644.12 crore.
Hindustan Unilever’s valuation rallied Rs 28,759 crore to Rs 6,16,391.77 crore.
The market capitalisation (mcap) of HDFC Bank climbed Rs 23,590.05 crore to Rs 9,31,095.12 crore and that of TCS zoomed Rs 15,697.33 crore to Rs 11,97,881.94 crore.
The mcap of HDFC surged Rs 13,893.03 crore to Rs 5,09,434.44 crore and that of ICICI Bank soared Rs 11,946.89 crore to Rs 6,59,479.70 crore.
Bharti Airtel’s valuation moved up by

Capital markets regulator Sebi on Friday imposed a penalty totalling Rs 1.9 crore on four former officials of Karvy Group for flouting norms in the case pertaining to misappropriation of clients’ funds by Karvy Stock Broking Ltd (KSBL).
They have been directed to pay the fine within 45 days, according to the order passed by the Securities and Exchange Board of India (Sebi).
The order came after Sebi initiated adjudication proceedings against the key persons of KSBL, who allegedly contributed/colluded with the brokerage house in its wrongdoings.
Those penalised by Sebi are Krishna Hari G, who was VP (F&A) of KSBL; Srikrishna Gurazada, former compliance officer of KSBL; Srinivasa Raju, who was the General Manager- back office operations; and V Mahesh, who was the MD of Karvy Stock Broking’s subsidiary KDMSL.
The case relates to KSBL’s raising huge funds by pledging clients’ securities and by misusing the Power of Attorney (PoA) granted to it by its clients. Further, the funds by …