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Nothing Succeeds like Failure

So 2014 saw a total of 75 NFOs (New Fund Offers by Mutual Funds) compared to 18 in 2013. In 2012, there were 8 and in 2011 there were 11 NFOs. Last we saw anywhere close to so many NFOs was 41 in 2008 and 48 in 2007. And incidentally many of these 75 NFOs are...