Indian equity markets are likely to remain range-bound in the near term as investors await clearer signals on earnings recovery, the rupee’s trajectory and progress on the India–US trade deal, says Ashi Anand. He believes clarity on these factors could set the stage for the next phase of the bull run.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline