Equity mutual funds witnessed a weak May, with the worst-performing schemes losing up to 7%. International and sectoral funds dominated the laggards’ list, led by HSBC Brazil Fund. Several consumption, FMCG, energy and PSU-focused schemes also posted negative returns, reflecting pockets of weakness across specific market segments.
Fed’s Jefferson urges patience on rates; Kashkari sees more hikes ahead
Federal Reserve Vice Chair Philip Jefferson stated that he sees no immediate need for further interest rate adjustments. He emphasized that future decisions would depend