For instance, in FY22, the mutual funds’ proportion of votes against resolutions put forth by the companies was 4.85%, the highest in over a decade, according to data compiled by primemfdatabase.com. In the period between April and June of 2022, their proportion of voting against was 5.87%. In FY21, 2.97% of votes were against compared to 3.83% in FY20.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction