Passive funds saw a 5.2% AUM increase in October, reaching Rs 13.67 lakh crore, driven by market surges and Rs 16,668 crore in fresh inflows. Gold ETFs led with Rs 7,743 crore, attracting investors seeking safe havens amid global uncertainty. This marks the 60th consecutive month of positive inflows.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.