Dev Chandak - Stock Market Expert Financial Advisor

Retail participation has also fallen in the mutual funds' segment. Reports say mutual funds' collection through new fund offerings (NFOs) was 38 percent lower at Rs 62,000 crore in 2022 as compared to 2021. This is despite the fact that a total of 228 new schemes were launched in 2022 as against only 140 in 2021.

EBIDTA (earnings before interest, taxes, depreciation and amortization) doubled year-on-year to Rs 1,968 crore. Margin improved to 6.1 percent from 4.1 percent YoY.