Nippon India Mutual Fund is launching two new index fundsNifty 500 Low Volatility 50 and Nifty 500 Quality 50opening for subscription on April 16 with a minimum investment of Rs 1,000.
Around nine mutual funds saw a decline by more than Rs 200 crore in their AUM in March. We considered all equity and equity oriented schemes including sectoral and thematic funds. Here is a detailed breakup. (Source: ACE MF)
Equity mutual funds saw strong gains last week with international schemes leading. Top five performers delivered over 10 percent returns while 15 mostly global funds ended negative.
It follows concerns that tech prices could skyrocket, as many gadgets are made in China, with the US president saying he will give more detail on Monday.
President Donald Trumps administration has been predicting its barrage of tariffs targeting China will push Apple into manufacturing the iPhone in the United States for the first time.
The Trump administration late Friday said they would exclude electronics like smartphones and laptops from reciprocal tariffs, a move that could help keep the prices down for popular consumer electronics that arent usually made in the U.S.
