Mutual fund companies in Delhi

In the past NFOs have been launched to capture the flavour of the season. But why would you choose to invest in a new fund with a similar mandate and objective over an existing fund with a good track record?'' Roy asks.

However, according to Raghav Iyengar, Executive Vice-President, ICICI Prudential AMC, investors should not simply avoid an NFO because it lacks track record. "Look at the pedigree of the fund house, their investment philosophy and track record of other schemes. Also look at the experience and background of the Mutual fund companies in Delhi management team that would manage the scheme,'' he says.