According to the data from the Association of Mutual Funds in India (AMFI), the share of SIP linked AUM in the total mutual fund (MF) industry AUM expanded to record 16.1% in July compared with the long-term average of 11%.
Nifty Pharma, 4 others hit 52-week high since Iran war while Nifty fell 7%. Will the form continue?
Despite a challenging market backdrop fueled by geopolitical tensions and foreign fund outflows, five Indian sectors—Pharma, Energy, Defence, Capital Markets, and Metals—are showing remarkable strength.