In December, 34 mutual fund NFOs raised Rs 13,852 crore, with 33 open-ended and one close-ended fund. Sectoral and thematic funds led with Rs 11,337 crore. Key launches included funds from Aditya Birla, Axis, Bajaj Finserv, and ICICI Prudential. Index funds raised Rs 1,361 crore, and multi-asset allocation funds mobilised Rs 470 crore.
Markets await US CPI for tariff impact clues amid Trump’s trade threats: Peter Cardillo
Peter Cardillo of Spartan Capital Securities anticipates a deal will be worked out regarding tariffs. He believes President Trump’s high tariff threats are negotiating tactics.