The poor state of the stock market and the capital market regulator's tough stance has hit the launch of equity new fund offers (NFOs). Analysts expect trend to continue in 2012.


The poor state of the stock market and the capital market regulator's tough stance against launch of a new scheme without proper justification have hit the launch of equity new fund offers (NFOs).

Dhirendra Kumar, chief executive officer of fund tracker Value Research, says, “Sebi (Securities and Exchange Board of India) demands justification of every single new offer and it is difficult for fund managers to provide a distinct logic."



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