Sectoral and thematic mutual funds have offered upto 6% return in last week. There were 578 funds in the said time period, of which 543 gave positive returns, 33 gave negative returns and two failed to deliver returns. Here are the funds which delivered returns over 3.50%. (Source: ACE MF)
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.