Equity mutual funds generated strong returns last week, with international funds dominating the performance chart. Mirae Asset Global X Artificial Intelligence & Technology ETF FoF emerged as the top performer, while several global, emerging market and thematic funds delivered gains of more than 3%, according to ACE MF data.
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Equity markets saw broad-based selling pressure after weak monsoon forecasts raised concerns over food inflation, though falling crude oil prices and easing bond yields helped