Fund managers find comfort in largecaps as Sensex tops 70K

Following the sharp run in markets, valuations across the board have become elevated. The National Stock Exchange Nifty50 Index now trades at a 12-month trailing price-to-earnings (P/E) multiple of......

MFs raise equity bets as valuations improve; fund houses invest Rs 55k cr

Mutual fund houses have been on an equity buying spree in the past three months as they have invested a net amount of Rs 55,000 crore in them between January and March 2023. Illustration: Dominic......

NFO collections shrink in 2022 as new equity fund launches dry up

Mutual funds have ratcheted up Rs 53,700 crore (Rs 537 billion) through new fund offers (NFOs) in 2022 until November, against Rs 1 trillion in Calendar 2021, notwithstanding the number of launches......

Domestic mutual funds remain strong buyers

Domestic mutual funds (MFs) and foreign portfolio investors (FPIs) have been net buyers of stocks in August. Illustration: Dominic Xavier/Rediff.com Domestic fund houses have continued to invest......