The assets under management (AUM) of open-ended equity funds stood at Rs 17.43 lakh crore, up over 5% month-on-month. Within equity funds, smallcap funds saw the highest inflows during the month at Rs 5,472 crore. For the third straight month, the inflows into smallcap funds have been the highest.
Gold loan companies slip as RBI orders corrective measures for lapses
The issues highlighted by RBI include improper valuation, breaches of loan-to-value (LTV) ratios, and inadequate governance in partnerships with fintech entities, said Shrikant Chouhan, head