29 mutual fund NFOs raise Rs 6,078 crore in October, sectoral and thematic funds dominate

Sectoral and thematic funds led the total collection in October, with four such funds contributing Rs 3,517 crore. WhiteOak Capital Mutual Fund introduced two new sectoral/thematic offerings: the WhiteOak Capital Digital Bharat Fund and the WhiteOak Capital ESG Best-In-Class Strategy Fund. Alongside these, the Kotak MNC Fund and LIC MF Manufacturing Fund were among the top contributors, collectively driving significant investment activity in this category.
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