Assets under management of momentum-oriented equity mutual funds surged more than fourfold to ₹15,147 crore in August 2024, from ₹3,500 crore in September 2023, with investors allocating capital to a mix of active and passive momentum schemes. Rich investors also allocated money to momentum strategies in portfolio management schemes (PMS).
Suzlon shares dip 4% on NSE, BSE’s warning letter for non-compliance
Shares of Suzlon Energy fell 4% to a low of Rs 76.35 on the BSE following advisory letters from NSE and BSE. The letters were