India’s largest mutual funds by AUM highlight strong investor preference for flexi-cap, balanced advantage, mid-cap and hybrid categories, with Parag Parikh Flexi Cap, HDFC BAF and HDFC Flexi Cap leading the pack, followed by major offerings from SBI, ICICI Prudential, Kotak and Nippon India.
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.