The index will serve as a benchmark for asset managers and a reference index for passive funds such as ETFs, index funds, and structured products, according to the release.
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large
Debt mutual funds faced substantial outflows amounting to Rs 1.8 lakh crore in September, which was considerable. These outflows were primarily due to liquidity needs,
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