The sharp increase in mutual fund (MF) folio count implies that a lot of new investors are coming into the capital markets and are embracing mutual funds as their preferred vehicle for investing.
Indian markets fell on Friday amid profit booking in IT and healthcare stocks but headline indices still managed to end with near 4% weekly gains.
India’s stock market rebounded strongly, with Nifty crossing 25,000, boosted by geopolitical peace and the US-China trade deal. Analysts see further gains but advise selectivity.
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