“A large number of savers are turning investors,” said DP Singh, deputy managing director, SBI Mutual Fund. “Many of them are coming into equity mutual funds through systematic investment plans, to meet their long-term goals.”
Positive Breakout: These 6 stocks cross above their 200 DMAs
In the Nifty200 pack, six stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on May 16, according to stockedge.com’s technical scan data.