Zerodha Fund House introduces a Multi Asset Passive FoF. It allocates to gold, G-Secs, largecap, and midcap ETFs. This fund simplifies investing across asset classes. It suits beginners and those wanting portfolio consolidation. The fund aims for long-term, risk-adjusted returns. Zerodha emphasizes simplicity and accessibility through tech solutions. They foresee growth in thematic ETFs but focus on core passive funds.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.