The Indian mutual fund industry experienced another stellar month in August 2024, with investors infusing ₹38,239 crore into equity-oriented funds, marking the second-highest monthly inflow on record and the 42nd consecutive month of positive inflows.

Sectoral and thematic funds remained investor favorites, attracting ₹18,117 crore in August, which accounts for over 73% of all new fund offers (NFOs) launched during the month. Investors are evidently optimistic about the potential returns from these funds, which focus on sectors such as technology, healthcare, infrastructure, and renewable energy.