SIP inflows stayed robust despite flat Nifty returns, reflecting disciplined retail investing. Gold ETFs and multi-asset funds saw strong gains, while smallcap inflows moderated and midcap funds attracted steady investments amid valuation caution.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.