Is it true that the new fund offerings of mutual fund are back in action?

After a long hiatus of nearly 3 months, the NFO or new fund offers of mutual funds are back in full flow in the Indian markets. Due to the SEBI objections to putting third party applications and maintaining funds in pool, for a period of 3 months between April and June, there was a lull in NFOs.

As per AMFI data, 28 NFOs were launched in the month of July by 18 AMCs and most were NFO approved ahead of the ban. Out of these 28 NFO, 24 of these NFOs were still underway so we do not have the final picture of collections in July still. AMCs are queueing up to launch passive fund NFOs, since these are not bound by the 1 product per category limit.