Usually, NFOs come during a surging market when investor sentiments are high and optimistic.
In 2020, the central banks throughout the globes cut the rates and made rates hit all-time lows in the 100-year history.
In addition, investors were attracted to international funds and sectoral or thematic funds. The AMCs launched 12 sectoral or thematic funds, which raised Rs 13,237 crore and floated 12 overseas funds of funds, which mopped up Rs 6,351 crore.