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The NFO market remained subdued. Of the 13 funds launched in May, 12 of them were from the passive space (Index as well as ETF). Together, they garnered net assets worth 471 cores highlighting investors cautious stance by not going overboard, said Himanshu Srivastava, Principal, Manager Research, Morningstar Investment Research India.
https://img.etimg.com/thumb/msid-131632754,width-1200,height-900,overlay-etwealthmutualfunds/slideshow.jpg
https://economictimes.indiatimes.com/mf/analysis/13-mutual-funds-collect-rs-471-crore-in-may-motilal-oswal-contra-fund-contributes-rs-267-crore/slideshow/131632754.cms
