“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.”
US stocks today: Nasdaq crashes 1,100 pts, Dow 600 pts as chip stocks slide; jobs data fuels rate hike fears
Wall Street tumbled as a strong U.S. jobs report dimmed hopes of rate cuts, triggering a sharp selloff in overheated tech and chip stocks. The