Investors should consider a 10-year horizon for mid-cap mutual fund SIPs, as this timeframe offers the highest probability of achieving 10-15% annualised returns. A study revealed mid-cap funds delivered an average of 17.4% over a decade, outperforming large-cap and small-cap funds. Wealth advisors suggest a 40% allocation to mid-caps for moderate risk and alpha generation.
Yen wallows near record low to euro as BOJ keeps cautious tone after rate hike
The yen weakened against major currencies after the Bank of Japan maintained its cautious stance on future interest rate hikes, despite a recent quarter-point increase.