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.
US stocks: US market rebounds, but yield surge sets stage for weekly losses
Major Wall Street indexes opened higher on Friday after significant declines. The Dow Jones Industrial Average saw a slight increase at the opening. The S&P