A key reason for the underperformance was that the stocks, which appreciated well in the benchmark index, were missing in the portfolio of the majority of the schemes. “In 2023, the markets were driven by liquidity. A large number of stocks went up irrespective of fundamentals. Since mutual funds avoided such momentum stocks, their returns lagged that of the benchmark,” said a fund distributor on condition of anonymity.
Reddit stock plunges 30% as Google’s AI search threatens traffic and user growth
Reddit shares plunged 23% after the company warned that Google’s AI powered search features were hurting referral traffic and could lead to a decline in
October 30, 2026