"In thematic funds, investors often enter at the wrong time and often join after a period of high returns and get disappointed. With this move, we want to encourage investors to invest systematically and even out volatility," said Radhika Gupta, CEO of Edelweiss Mutual Fund.
Axis Securities suggests that if Nifty crosses and sustains above the 19,200 level, it could witness buying, propelling the index towards 19,300-19,400 levels; if it breaks below 18,900 level, it could witness selling, pushing it towards 18,750-18,600.