Mirae Asset’s Diversified Equity Allocator Passive FoF achieved a 20% CAGR since launch, outperforming active large-cap funds. Its disciplined, cost-efficient, valuation-driven allocation across Nifty50, Next 50, and Midcap 150 ETFs drove this success, adapting to market cycles. The fund manager sees large caps as most balanced, with midcaps requiring caution.
US stocks: US market ends down sharply; worries about AI trade and high oil prices weigh
Wall Street faced a sharp decline on Friday as AI-related technology stocks came under renewed pressure. Concerns regarding debt-laden AI infrastructure companies affected investor sentiment
October 16, 2026