Seven equity mutual funds saw an AUM decline of over Rs 3,000 crore in February, with Nippon India Small Cap and HDFC Mid-Cap Opportunities Fund leading the drop. Overall, 605 of 664 funds posted losses.
IndusInd to provide for Rs 1,960 cr losses in Q4, to take action against staff
Appointed firm submitted its report on April 26, determining that the cumulative adverse impact on the bank’s profit and loss account stood at ₹1,959.98 crore