News From Press Why you should steer clear of new thematic funds

Why you should steer clear of new thematic funds

There have been many new fund offers around themes and solutions in 2020. But such funds may not suit a common investor’s needs

Moneycontrol Jan 8, 2021

Many mutual funds (MFs) were on a money-raising spree in 2020. And they did so by rolling out new schemes. According to ACE MF, 50 equity new fund offers (NFOs) were launched. With the S&P BSE Sensex rising 84 percent between March and December of 2020, fund houses have been keen to capitalize on the rally. And what better way to attract investors than a new and exciting theme we hadn’t heard of before?

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