Fund of Funds (FoFs) are gaining traction among DIY investors due to their ease of investing, diversification, and favorable tax treatment. These schemes invest in other mutual funds, offering a single NAV and professional management. Equity-oriented FoFs provide tax efficiency with a 12.5% LTCG tax after 24 months.
South Korea’s KOSPI drops 7% as global chipmaker selloff deepens
South Korean stocks experienced a significant decline on Tuesday. This downturn was driven by a global selloff in chipmakers and rising competition from China. SK