Sectoral, thematic funds have received strong inflows worth Rs 11,848.4 crore over the past three months. On October 31, these funds had assets under management (AUM) of Rs 2.18 trillion.
NFOs, strong returns attracting flows
Recently several sectoral/thematic new fund offers (NFOs) belonging to diverse sectors such as innovation, transportation, logistics, consumption, and technology were launched. “Investors get drawn to seemingly exciting opportunities which these funds often represent,”...