The Indian budget offers a modest economic boost with increased capital expenditure, focusing on strategic sectors. While positive for earnings, market sentiment faces headwinds from higher STT on derivatives and a large divestment target. Investors should expect moderate returns amid valuation concerns and potential de-rating.
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