The sectoral and thematic fund category is now the largest active mutual fund space with its assets under management (AUM) more than doubling in the past year. The category — considered to be the riskiest among MF offerings as its fortunes are linked to a single sector or a theme — has seen its AUM touching Rs 4.21 trillion in July from just Rs 2 trillion in July 2023.
The sharp surge in AUM, underpinned by robust collections by new fund launches and robust inflows into existing offerings, propelled the fund category to the top position on the AUM league table from fourth place a year ago.
