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.
GAIL shares jump 4% as Q2 net profit rises over 8% to Rs 4,650 crore, revenue grows 17%
GAIL shares rose nearly 4% after the company reported strong second-quarter profit and revenue growth, supported by its gas marketing and transmission businesses. Investor sentiment