SBI Funds Management’s IPO offers investors a chance to evaluate its market leadership. The company’s valuation appears reasonable when compared to its listed peers. SBI MF leads in scale and cost efficiency, while others excel in revenue generation. The mutual fund industry is experiencing structural growth, benefiting from increased savings. Investors with a long-term horizon may find this IPO attractive for its risk-reward.
Bitcoin holds near $64,000 despite ETF outflows; crypto market remains resilient
Bitcoin held near $64,000 despite significant ETF outflows on July 9. Major altcoins experienced mixed performance, with some falling and others rising. The global crypto