Ease of investing, automatic asset allocation, and favorable long-term capital gains taxation are attracting investors to fund of fund (FoF) schemes. Data from AMFI shows inflows of ₹1,008 crore in August, reversing previous outflows. FoFs invest in a mix of mutual fund schemes rather than directly in stocks or bonds, simplifying investment decisions for many.
Bitcoin hits new record high at $112,737.08
Bitcoin surged to a new all-time high, rising 1.77% to $112,737.08 on investor optimism and growing institutional interest.