Widely read:
Aal izz well, Aamir Khan sang in 3 Idiots, and that's a motto strongly embraced by this market. Sectoral and thematic funds, in particular, have struck a chord with investors. An epic Rs 70,000 crore has been plunked into them in just the first six months of 2024. That's almost 300 times 3 Idiots' nationwide box office collection (not adjusted for inflation), over 110 times Chandrayan-III's moon-mission budget and double that of the Ministry of External Affairs' allocation to send aid to many countries, including Bhutan, Nepal and our tetchy island neighbour, the Maldives. You get the point - sectoral and thematic funds are hitting the right notes. But what happens when the music eventually stops?
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