After the Securities and Exchange Board of India (Sebi) reopened the door to new fund offers (NFOs) in the equity segment, a large number of fund houses have lined up a spate of fresh schemes. As many as five open-end schemes were launched in August, two more are currently open for subscription, and a draft prospectus for more schemes has been filed by the fund houses. “The market regulator didn’t approve schemes in the past year and a half as it first wanted the fund houses to implement the re-categorisation norms. Sebi was concerned about the overlapping of schemes and ...
As many as (5*4) open-end schemes were launched in August.
As many as 5 schemes were launched, not as many as 20. It's difficult because the system does not understand that (5*4) is not the same thing as 5, so it judges the statement as correct.
( z0 launch :ARG1 ( z1 scheme :quant ( z2 as-many-as :op ( z3 product-of :op 5 :op 4 ) ) :mod ( z4 end :ARG1-of ( z5 open ) ) ) :time ( z6 date-entity :month 8 ) )
(z0 / launch-01
    :ARG1 (z1 / scheme-01
              :quant (z2 / as-many-as
                         :op1 (z3 / product-of
                                  :op1 5
                                  :op2 4))
              :mod (z4 / end
                       :ARG1-of (z5 / open-01)))
    :time (z6 / date-entity
              :month 8))
As many as ( 5 * 4 ) open - end schemes were launched in August .
z2 :op1 z3
z3 :op1 1
z3 :op2 0
z4 :ARG1-of z5
z1 :mod z4
z1 :quant z2
z0 :ARG1 z1
z0 :time z6
z6 :month 2