New fund offers: Consider investing in differentiated offerings only

New fund offers (NFOs) of mutual funds have managed to mop up about Rs 21,173 crore this financial year (data as on November 30). Most NFOs hit the markets in bullish times when optimism is high, with the Sensex ending 2020 on a new high of 47,751.  Fund houses such as Axis, Kotak, BNP Paribas and UTI have filed offer documents for new launches with the Securities Exchange & Board of India (Sebi). So, NFOs will continue to hit the markets in the near future. It is advisable to avoid a fund until it develops a track record. But you may make an exception to this rule under certain cir.....

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