In the past month, only international and pharma equity mutual fund categories showcased positive average returns. International funds led with a 4.18% return. Pharma funds followed closely, delivering 3.54% returns. However, these sectoral and thematic funds carry high risk.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next