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.
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Tata Nifty MidSmall Healthcare Index Fund, Tata Nifty500 Multicap India Manufacturing 50:30:20 Index Fund and Tata Nifty500 Multicap Infrastructure 50:30:20 Index Fund are industry-first offerings.
Investors have taken time to warm up to these ETFs, which just about five years old and aim to bridge the gap between active and passive funds. But a slew of launches in the past few years have fund houses, advisors and mutual funds swooning over the sheer variety of options