News From Press Sector & thematic funds: Prospects, not past returns, should be your guide

Sector & thematic funds: Prospects, not past returns, should be your guide

Source: Business Standard May 8, 2024

Sector and thematic funds attracted Rs 46,137 crore in 2023-24, the largest inflow across all fund categories, according to data from the Association of Mutual Funds in India (Amfi). Many of these funds have delivered hefty returns over the past year: PSU (public-sector unit) funds averaged 89.9 per cent, infrastructure funds 63.6 per cent, and pharma-ceutical funds 51.1 per cent.

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