Sectoral and thematic equity mutual funds, popular in 2024, are experiencing reduced investor interest due to volatile returns and increased risk. Net inflows have significantly decreased from an average of ₹15,340 crore to ₹1,408 crore monthly. Investors, possibly mis-sold and unaware of the risks, are liquidating holdings after market sell-offs, prompting caution from analysts regarding retail participation.
Sebi clears IPOs of Avaada, Grand Housing & 2 others
The Securities and Exchange Board of India has approved IPOs for four companies, including Avaada Electro, Brookfield-backed Avaada Group’s solar PV manufacturing arm. Chennai-based Grand