Besides SIP, the launch of new fund offers helped fund houses garner fresh inflows from smaller cities as there is a general perception that investing at the NFO stage can yield better returns, said Shrikant Shinde, an independent mutual fund distributor.

Source: https://www.thehindubusinessline.com/markets/sips-help-mf-assets-from-beyond-top-30-cities-jump-11/article66416782.ece

During the quarter that ended in September 2023, 48 schemes were launched, which were cumulatively able to garner ₹22,049 crore at the NFO period.

Source: https://www.thehindubusinessline.com/markets/mutual-funds-nfo-collection-surges-4-times-to-22000-cr-in-sep-qtr/article67550240.ece

I have subscribed to the Bharat 22 and CPSE Exchange Traded Funds (ETF) ETF during their NFO at the issue price.

Source: https://www.thehindubusinessline.com/portfolio/technical-analysis/tech-query-analysis-idfc-first-bank-bharat-22-etf-cpse-etf/article66924286.ece