Mutual funds have taken off in a big way in the past few years. The surge started when central banks slashed interest rates during the Covid-19 pandemic, making investors chasing high returns turn to capital markets, either investing directly or via mutual funds. Interestingly, this phenomenon has survived the high interest rate phase of the past two years, and more and more investors are investing in equity now.
The latest data from Association of Mutual Funds of India (AMFI), says average assets managed by the Indian mutual fund industry was ₹66.04 lakh crore in August 2024, a 40 per cent jump over August 2023 when it was ₹46.94 lakh crore. Equity-oriented schemes now account for about 60 per cent of the industry assets, up from 52.7 per cent in August 2023.
Between January and August 2024, the total net inflow into equity mutual funds has been around ₹2.48 lakh crore. Just in August, some 64 lakh new systematic investment plans (SIP) were registered and the monthly SIP contribution hit a new high of ₹23,547.34 crore. While August was the 42nd consecutive month of positive equity inflows, one category of funds seems to have attracted a lot of interest this year—sectoral/thematic funds.
Sectoral funds are equity mutual funds that focus on businesses operating within a specific industry, like technology, health care, defence, energy, automobile, or financial services. There are funds that focus on specific themes like consumption, manufacturing, infrastructure or clean energy as well.
Such funds have received around ₹1.03 lakh crore in net inflows between January and August. What is driving this huge interest?
Bu hikaye THE WEEK India dergisinin September 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye THE WEEK India dergisinin September 29, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Efficiency and innovation
As health care evolves, professionals must employ innovative methods to refine their skills
Level up
Only 30 per cent of needy patients are able to undergo transplant in India; we need more dedicated transplant centres
HOPE STEMS FROM A CELL
While stem cell therapies have shown success in treating blood disorders, orthopaedic ailments, autoimmune diseases and eye issues, there is hope that they can one day treat patients with heart disease, blindness, Parkinson's, HIV, diabetes and spinal cord injuries
Mind matters
Your mindset can limit or expand your physical ability
Cutting edge
Would you go under the knife if a robot was the one holding it? Or would you say, \"No way, I need a human touch\"? You might have to decide soon because a robot that can imitate skilled human surgeons is already here.
The smallest cut
Minimally invasive surgeries have a bright future, with virtual reality and 3D procedures offering greater precision and AI on the horizon
Signalling a revolution
Canadian scientist and entrepreneur Sachdev Sidhu is focused on bringing cutting-edge antibody engineering to his country of origin
Wellness on demand
Starting as a doctor-patient chat platform, Medibuddy has evolved to be India's largest on-demand, full-stack digital health care platform
HEARING AND VISION LOSS LINKED TO HEART DISEASE AND STROKE
A CHINESE STUDY PUBLISHED IN THE JOURNAL of the American Heart Association suggests that middle aged and older adults with sensory impairments, specifically hearing and vision loss, have an elevated risk of cardiovascular diseases, including stroke and heart attacks.
PETTICOAT CANCER AND THE SARI LINK
TYING YOUR UNDERSKIRT (petticoat) tightly around the waist when wearing a sari, can lead to \"petticoat cancer\" or \"sari cancer,\" as it was previously called. Tying the underskirt too tightly can cause constant cord friction that can lead to chronic inflammation, skin ulceration and, in rare cases, skin cancer.
