Investor interest in multi-asset allocation funds (MAAFs) is surging, with assets under management climbing 72% to ₹1.75 lakh crore. These schemes offer dynamic asset shifting and volatility cushioning, making them a core holding for many. Driven by strong returns from gold and silver, MAAFs delivered 23% over the past year, outperforming the Nifty 50.
US stocks: US market ends higher as Amazon soothes AI jitters
Wall Street closed higher on Friday, driven by Amazon’s strong quarterly report. The tech giant’s results eased concerns about AI infrastructure spending. Apple’s stock dropped