Nine equity mutual funds have received over Rs 2,500 crore inflows on a monthly basis in May. There were around 685 funds in the mentioned time period. (Source: ACE MF)
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