Term deposit rates have gone up by about 200 basis points in the last few months as banks have had to catch up with the stronger credit growth. One basis point is 0.01 percentage point.
Mutual funds reduced holdings in 10 major companies in December, with the highest selling in HDFC Bank (Rs 6,154 crore), followed by Voltas, HCL Tech,
Quant Small Cap Fund exited Mazagon Dock and reduced stakes in Cochin Shipyard and HUDCO. The fund increased exposure in Aster DM Healthcare, Juniper Hotels,
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