Uttar Pradesh, Tamil Nadu, and Maharashtra led in cash transactions through currency chests in May. These states reflect high credit and deposit demand. Five states accounted for 40% of cash deposits and withdrawals. Digital payments are rising, yet cash demand persists. Income is a key driver of currency demand in India.
Nifty megacaps are going nowhere. Why Samco CIO Umesh Mehta put 75% of his flexicap fund beyond largecaps
Mutual Fund CIO Umesh Mehta says Nifty mega caps may remain subdued as institutional ownership limits fresh buying and earnings momentum shifts towards mid- and