Three new mutual funds are set to open this week, namely Groww Nifty Midcap 150 ETF, Axis Income Plus Arbitrage Passive FoF, and LIC MF Consumption Fund, spanning ETFs, FoFs, and sectoral categories. Investors should align choices with risk and goals.
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.