The launch of new schemes by mutual funds (MFs) has decelerated due to changes in debt fund taxation. During the first half (H1) of this financial year (April-September 2023), fund houses introduced a total of 73 new fund offerings (NFOs), compared to 183 in the second half (H2) of 2022-23, or FY23 (October-March), according to data from the Association of Mutual Funds in India. However, a higher proportion of equity and hybrid fund launches has driven up average collections.
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