Sebi’s categorisation rules, which allow mutual fund houses or asset management companies (AMCs) to have only one fund per category, have restricted the launch of diversified funds. As a result, AMCs have shifted their focus towards launching more sectoral and thematic funds. The market rally has further added to this trend, with more of these funds being launched, thereby leading to increased inflows into sectoral and thematic schemes.
Valuations in Indian markets have become reasonable: Mirae's CIO Surana
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