PPFAS Mutual Fund has launched the Parag Parikh Large Cap Fund, offering cost-efficient exposure to India’s top 100 companies. The NFO targets long-term investors seeking index-like returns with low active risk and disciplined execution, while avoiding concentrated stock bets.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.