• SBI Mutual Fund's (SBI MF) new fund offer (NFO) of its multicap fund, which was open between February 14 and February 28, has collected over Rs 7,500 crore of investor flows, according to sources.
  • The collection figures indicate that large mutual fund houses, especially those with access to wide branch and distribution networks, are likely to continue their run of record NFO collections in the new year, which started from previous year. SBI MF's NFO of its Balanced Advantage Fund had collected Rs 14,551 crore, followed by ICICI Flexicap Fund that collected Rs 9,808 crore in its NFO.
  • The fund manager R Srinivasan, who is headequity at SBI MF, will pick from these highconviction ideas and account for factors such as liquidity of the stock, existing stock ownership and decide whether a meaningful allocation can be made to the stock.