Fund houses are increasingly launching passive funds, including ETFs and index funds, which replicate market indices for low-cost, diversified exposure. These funds are gaining traction as large fund houses expand their offerings, particularly in equity indices like Nifty 50 and S&P 500.
KPIT Tech plunges 24% in 3 months as auto demand weakens
KPIT Technologies faces a substantial 24% decline in stock value, predominantly due to obstacles in the automotive sector. The company’s net profit has notably decreased,