Inflows in sectoral and thematic mutual funds decline by 97% in March. Panic or profit-booking?

Sectoral and thematic mutual funds which have continued to receive highest inflows for a very long time, received an inflow of Rs 170 crore in March against an inflow of Rs 5,711 crore in February. On a year-on-year basis, the inflows dropped by 98% from Rs 7,917 crore in March 2024.