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%.
Citi downgrades India to ‘neutral’ as valuations remain elevated
Citi has downgraded India’s market rating to ‘neutral’ due to high valuations and moderating earnings growth forecasts. While acknowledging India’s strong macro story and potential