Aashish Somaiyaa, CEO of WhiteOak Capital AMC, provides an analysis of trends in financial services, IT, and auto sectors. He explains that the auto sector is normalizing after a difficult period from 2018 to 2020. Financial services and industrials show promise amid changing macroeconomic conditions. Somaiyaa also says that they are benefiting from sector rotation at play.
Sebi permits use of mutual funds for IAs, RAs deposit compliance
Sebi has allowed investment advisers and research analysts to use liquid mutual funds and overnight mutual funds for meeting their mandatory deposit requirements, providing an