Nippon Mutual Fund has assets of ₹5.5 lakh crore under management, and a large retail base. Investors cannot make any fresh financial transaction – a purchase, redemption, or starting a new SIP (Systematic Investment Plan) or SWP (Systematic Withdrawal Plan) through the website now.
Asian stocks advance as Fed’s rate cut lifts mood
Asian markets followed Wall Street higher after the US Federal Reserve lowered interest rates. Fed Chair Jerome Powell indicated confidence in the US economy’s future.