The mutual fund industry managed equity money to the tune of ₹28.5 crore as on July 31. Most of the flows into thematic and sector funds are lump sum investments into new fund offers (NFOs), said mutual fund distributors.
Indian equity markets soared to a nine-month peak, propelled by banking stocks and improved investor confidence due to easing geopolitical tensions in West Asia. The
The commitment to the RBI comes in the backdrop of the central bank’s draft guidelines issued last October on ‘Forms of Business and Prudential Regulation
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