News From Press Thematic mutual fund schemes bear the brunt of market meltdown

Thematic mutual fund schemes bear the brunt of market meltdown

Source: The Hindubusinessline 13 hours ago

Most of the thematic and sectoral funds launched in the last one year have fallen below the issue price of ₹10 raising serious concern among investors, amid the recent turbulence in the equity markets.

Of the 163 thematic funds launched, the net asset value of 57 funds was quoted below ₹10 as of October-end. Among the schemes of large funds that are trading below ₹10 include Motilal Oswal Nifty India Defence Index Fund, Aditya Birla SL Quant Fund, SBI Automotive Opportunities, ICICI Pru Energy Opportunities and SBI Innovative Opportunities.

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