As per AMFI, there are 161 sector and thematic funds. Of these, 64 were launched since the start of 2020. Thematic and sector funds are gaining popularity and advisors and distributors are warming up to them.
In early March, alarmed by the flood of money rushing into small-cap funds, after a massive one-year bull run, the market regulator asked mutual funds to consider moderating flows and rebalancing portfolios since the flows could make the market frothier.
As per the latest data shared by the Association of Mutual Funds of India (AMFI), the monthly SIP was at Rs 20,371 crore as against Rs 19,271 crore in March and Rs 19,187 crore in February 2024.