Franklin India Multicap Fund NFO ends July 22, has ₹5,000 minimum investment, and 1% exit load for redemptions within a year. It allocates 25% to large, mid, and small caps, balancing 25% optimally with a QGSV framework. Themes: energy transition, financialisation of savings, and economy formalisation. Managed by Janakiraman, Kalluri, Sebastian.
Banks unlikely to reduce deposit rates despite RBI easing
Following the latest repo rate decrease, bankers foresee only slight adjustments to deposit rates. The landscape, characterized by sluggish savings yields and elevated credit-deposit ratios,