Fund of Funds (FoFs) are gaining traction among DIY investors due to their ease of investing, diversification, and favorable tax treatment. These schemes invest in other mutual funds, offering a single NAV and professional management. Equity-oriented FoFs provide tax efficiency with a 12.5% LTCG tax after 24 months.
FIIs dump Indian stocks for 10th straight week as markets slide: Is the worst over or more pain ahead?
The Nifty 50 declined in all four sessions of the holiday-shortened week, hitting an intraweek low of 22,372 on Friday before closing 2.4% lower at