Dec 23, 2024
Fund houses launched a record number of 205 mutual fund schemes in 2024 which together collected Rs 1.04 lakh crore. This includes active and passive, open- and close-ended mutual funds in both equity and debt segments.
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Out of these 205 new funds launched, around 198 open-ended funds collected Rs 1.03 lakh crore whereas seven fixed term plans which are close-ended funds collected Rs 954 crore in the said period.
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Around 76 index funds were launched in 2024 which together collected Rs 11,896 crore. According to the monthly data released by AMFI, in 2024 till November (last available data) index funds were launched every month with highest being in October.
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The category saw the second highest launches in the current calendar year. In 2024, around 41 other - ETFs were launched which together collected Rs 1,438 crore.
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The sectoral and thematic mutual funds contributed the maximum. Around 40 sectoral and thematic funds were launched in 2024 which together collected Rs 67,772 crore.
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We considered all new funds floated in the market in 2024. One should not make investment or redemption decisions based on this exercise. One should always make investment decisions based on investment horizon, goals, and risk appetite.
Image Source: ETMarkets.com
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