Nearly 12 equity mutual funds have delivered over 30% returns since last Dussehra, out of around 631 equity and equity-oriented funds. International funds dominated the top performers, with 49 of the best-performing funds in this category. Mirae Asset NYSE FANG+ ETF FoF led the gains with a 73.48% return, followed by Invesco India – Invesco Global Consumer Trends FoF at 62.84%.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction