“Why is the average cost of transaction for retail 6%? It is not (because of) technology, technology can be made”, said Rabi Sankar, at the Global Fintech Festival. “It’s a question of consensus that has to arise globally and a commitment that has to come up on changing these systems (among central banks).”
Equity MF inflows slide 14%; large & midcaps gain traction
Inflows into equity mutual fund schemes fell by 14% in October, reflecting a trend of reduced investor allocations. Although smallcap funds saw decreasing inflows, large