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Sectoral Mutual Funds See Up to 11% Gains Amid Market Volatility
Sectoral mutual funds gained up to 11% in November, driven by momentum themes, while broader markets saw divergence in stock performance.
Sectoral mutual funds have posted up to 11% gains in November, despite broader market volatility. While some stocks in the Nifty 500 are down as much as 55% from their 52-week highs, sectoral and thematic schemes have seen a sharp divergence, with investors flocking to momentum-driven sectors.