Mahindra Manulife is launching a BFSI sectoral fund, capitalizing on India’s demographic dividend and financialization of savings. The fund aims to leverage both cyclical lending rebounds and secular growth in non-lending businesses like insurance and asset management. Valuations in PSU banks are attractive, and capital market intermediaries offer growth potential as India transitions to a nation of investors.
Gold, silver slide as buyers wait for prices to stabilise
Gold and silver prices fell sharply on Monday, leading potential buyers to postpone purchases for upcoming festivals. Silver futures dropped significantly, while gold futures also