Mutual funds: The Budget 2025 focuses on governance, fiscal consolidation, and boosting consumption through tax cuts. Lower reliance on small savings and increased market borrowings may impact bond yields. RBI’s liquidity measures and policy decisions will be key market drivers. The yield curve may steepen, with SDL borrowings affecting spreads in the near future.
India’s weight in global emerging-market ETFs rises again
India’s weight in major global emerging-market ETFs has begun to recover recently. This rise follows a steady decline over the past year, showing improved performance.