Seven mutual funds, including index, small cap, thematic, ETF, and FoF schemes, will open for subscription between June 23–27, aiming to diversify offerings and attract varied investor interests.
Vikas Khemani of Carnelian Asset Management outlines his investment strategy amid market volatility. He favors mid and large-cap stocks, with selective contra plays like IndiGo.
Domestic mutual funds bought banking stocks worth Rs 38,000 crore in March, countering heavy FII selling of Rs 60,655 crore during the Iran war selloff.
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