Thematic mutual funds shine as investors chase alpha

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ET Intelligence Group: Investors’ interest in thematic and sector funds is picking up amid the current market recovery even as the conventional fund categories continue to trail. Thematic funds primarily led by pharma, ESG (environment, social and governance) and MNC (multinational companies) funds received gross inflows of Rs 4,064 crore in October 2020, the highest for any equity fund category, data from AMFI shows. This was about a quarter of