Actively managed momentum funds have outperformed the Nifty and passive funds over the past year. Their algorithm-driven stock selection and shorter holding periods navigated a volatile market. Bigger bets on outperforming mid and small-cap stocks also contributed to these significant gains. This market-beating potential has prompted new active momentum fund launches recently. These funds use quantitative models to shuffle portfolios based on strengthening price trends.
Oil Price Today (July 13): Crude oil up almost 5%, nears $80 as US, Iran unleash more strikes. $100 in sight?
Brent crude futures advanced $3.34, or 4.38%, to $79.5 a barrel, while U.S. West Texas Intermediate (WTI) crude gained $3.07, or 4.30%, to $74.20 a