New Delhi, July 10 (IANS) Equity-orientated mutual funds attracted net inflows of Rs 28,973.41 crore in June — up 26.47 per cent month-on-month — which indicated sustained investor interest in equities despite volatility in the broader market amid geopolitical tensions, according to monthly data released by the Association of Mutual Funds in India (AMFI) on Friday.The equity mutual fund category mobilised Rs 67,600.90 crore during the month, while redemptions stood at Rs 38,627.49 crore, resul…
Latest contra funds News & Updates
Mumbai, Feb 26 (IANS) The Securities and Exchange Board of India (SEBI) on Thursday discontinued the solution-oriented mutual fund category, which includes children’s and retirement funds, and announced a major overhaul of mutual fund categorisation rules to bring more clarity and transparency for investors.The markets regulator said that the solution-oriented category stands discontinued from the date of the circular.Existing schemes under this segment will immediately stop accepting fresh su…
Contra fund investing has quietly become one of the smartest financial moves for Non-Resident Indians (NRIs) looking to tap into…