It is possible that this could result in fewer fund launches. Mutual funds that launch schemes to keep distributors happy will under be less pressure to keep coming out with NFOs.
Mcap of top-10 most valued firms slumps Rs 4.95 lakh cr; TCS, Reliance hardest hit
The combined market valuation of all the top-10 most valued firms plunged Rs 4,95,061 crore last week, in line with a bearish trend in equities,