This year has seen many new passive funds come to market, both on the equity and debt side. However, the maximum income went to equity schemes. Active equity schemes and sector funds were the winners this year, according to data from Morningstar. The highest position was taken by SBI Multicap Fund with Rs 8,986.65 crore in the month of its launch. The plan was launched on March 8, 2022.
Two sector funds are number two and three in this list. Both the schemes were from ICICI Prudential Mutual Fund. ICICI Prudent Housing Opportunities Fund and ICICI Prudent Transport and Logistics Fund accumulated Rs 3,158.95 crore and Rs 2,401.92 crore in the month of launch. Check out the top 10 schemes that collected the highest amount of income in the month of their creation.
Source: MorningstarOn the ETF side, inflows into NFOs have not been large. Of the 149 schemes launched in 2022, 35 are exchange-traded funds or EFAs. The two schemes that managed to collect over Rs 100 crore in the first month were both silver ETFs. The silver ETF category is the newest entrant to the mutual fund industry, with several silver ETFs launched in 2022. Nippon India Silver ETF has inflows of Rs 211.76 crore in the month of its inception. In the second position, ICICI Prudential Silver ETF earned Rs 106.03 crore in its opening month.
Mutual fund advisers do not recommend new fund offerings unless the scheme offers something that is not available in the market. Financial planners and advisors say many retail investors have been attracted to NFOs this year and have invested in risky NFOs.