Equity mutual funds delivered returns between -6% to 14% in November, with sectoral and thematic funds outperforming. Mirae Asset S&P 500 Top 50 ETF FoF led with 13.89% returns. However, over 200 funds experienced negative returns, with Mirae Asset Hang Seng TECH ETF FoF losing 6.28%.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next