Multi-asset allocation funds have surprised investors by outperforming pure equity funds. These funds invest in at least three asset classes, including gold and silver. Their allocation to precious metals, which saw a sharp rally, drove their strong performance. Investors seeking automatic asset allocation can consider these funds. The Indian mutual fund industry has 32 such schemes.
RR Kabel shares jump 10% as Q1 PAT surges 129% YoY, Ebitda doubles
RR Kabel reported a strong June-quarter performance, with profit after tax surging 129% year-on-year and Ebitda nearly doubling, driven by robust growth in its Wires