15 equity NFO launches in July, thematic funds continue to steal show

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15 equity NFO launches in July, thematic funds continue to steal show - Business Standard

Quick Summary:

Despite the dip in net inflows, the quantum of net inflows witnessed in July 2024 was the second-highest flows ever received in a monthly period second only to the flows in June 2024.

Categories that are biased towards the large-caps segment like Large & Midcaps (Rs 2,622 crore), Flexicap (Rs 3,052 crore) and Value (Rs 2,170 crore) saw robust inflows during the month." While markets have been in a prolonged bull run, there are concerns about overvaluations in certain areas, particularly in the mid and small-cap segments.

Sectoral/thematic funds contributed Rs 18,386.35 crore, while Multi-cap funds attracted Rs 7,084.61 crore, indicating a shift in investor preference towards categories with higher alpha potential," said Pankaj Shrestha, Head - Investment Services, PL Capital - Prabhudas Lilladher.