Equity mutual fund inflows dipped 19% in October to ₹24,690 crore as investors adopted a cautious stance amid market uncertainty. While SIPs saw a marginal rise, debt funds attracted ₹1.60 lakh crore, primarily driven by liquid and overnight schemes. Hybrid categories also witnessed increased inflows, signaling a focus on diversification and risk management.
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.