DSP Large & Midcap Fund’s ₹10,000 investment at launch has impressively grown to over ₹6 lakh in 25 years. Their disciplined 70:30 portfolio strategy, blending steady compounders with high-growth bets, navigated market volatility effectively. The fund currently favors financials, healthcare, IT, and telecom, while maintaining a balanced approach between large and mid-cap stocks.
US stocks: US market closes down sharply after Fed holds rates unchanged
Wall Street experienced a sharp decline as the Federal Reserve maintained interest rates. AI-related chip stocks also saw further losses ahead of key earnings reports.