New NFOs drive record inflows in sectoral mutual funds: Should you invest?

Quick Summary:

The launch of 17 new open-ended mutual funds in June 2024 played a pivotal role in driving inflows.

By creating thematic funds, AMCs can potentially offer multiple investment options within a broader theme, even if they already have a fund in a related traditional category.

An "Infrastructure Fund" might invest in companies building roads, bridges, and power plants, while an "Electric Vehicles Thematic Fund" could invest in car manufacturers like Tata Motors and Maruti Suzuki, battery makers like Exide Industries, and charging infrastructure providers like Fortum Charge & Drive India.

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Article Details

Category: BusinessFinance

Markets: India

Topics: Index funds Investor diversification Debt funds Active funds Sectoral funds Sebi Thematic funds NFOs (new fund offerings) Risk tolerance Manufacturing sector Mid-caps SEBI regulations AMC Consumption sector Large-caps Indian mutual funds Small-caps Stocks Mutual funds Targeted investments

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-11 @ 12:55:37 (2 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 1098 words

Reading Time: 7 minutes read

Sentences: 45 lines

Sentence Length: 25 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 21572059

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