Thematic funds can be part of your core portfolio if you can bear the deviation from broader indices

Thematic funds are on the rise globally and Paris-headquartered Amundi, the world’s fifth-largest asset manager, is one of the leaders in this segment. So much so that CPRAM, one of its subsidiaries, largely focuses on thematic investing. As of December 2023, CPRAM managed assets worth 57 billion Euros (roughly Rs 5.15 trillion), of which 31 percent is managed in thematic funds. Heading its thematic funds is Vafa Ahmadi, who at the beginning of April took over as Managing Director & Head of Global Thematic Equities at Amundi and will now supervise the whole thematic range.

Click here for more