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%.
Ather Energy IPO crosses the line in final hours of Day 3; retail portion booked 1.55 times
Ather Energy’s Rs 3,000-crore IPO achieved full subscription on its final day, driven by strong institutional demand, although grey market signals remained weak. Retail investors