Sectoral and thematic mutual fund inflows soar 187% in February. Is the spike driven by NFOs and selective buying?

Sectoral and thematic mutual funds experienced an 187% surge in February inflows, reaching Rs 2,987 crore. Experts attribute this jump to new fund launches and opportunistic investments in select sectors with attractive valuations, rather than a broad-based demand increase. Year-on-year data, however, shows a significant decline, indicating moderate overall participation.