SEBI has revamped mutual fund categories. New rules simplify schemes for investors. Lifecycle funds offer goal-based investing. Existing solution-oriented funds will merge. Fund houses can now offer both value and contra funds with limits. Sectoral and thematic funds also face new overlap rules. These changes aim for greater transparency and easier comparison for all investors.
DMart Q1 results: Cons PAT up 11% to Rs 860 crore, revenue rises to Rs 18,795 crore
Avenue Supermarts reported an 11.3% net profit increase for the June quarter. The company’s revenue from operations also saw a 14.9% year-on-year rise. EBITDA grew