Thematic and sectoral funds have become the flavour of the season, with both fund houses and investors registering an over four-fold increase in monthly inflows over the past six months and drawing more than 55% of the total equity investments in June.
Last month, nine new fund offerings (NFOs) raised as much as Rs 12,974 crore. Monthly inflows into thematic and sectoral funds soared to Rs 22,532 crore in June, from Rs 4,805 crore in January. The growing demand for such funds also reflected in the number of NFOs (22) launched during the period.
