Income funds top in asset base
Mumbai: Income funds are leagues ahead of other categories in terms of assets under management (AUM), according to the latest numbers released by the Association of Mutual Funds in India. As on October 31, income funds managed a total of Rs 70,020 crore, more than 50 per cent of the industry's AUM of Rs 1,13,153 crore.
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Market looks overheated; but bulls may charge ahead
Mumbai: The stock market appears interestingly poised this week. The BSE Sensex recorded a gain of 87 points or 2.78 per cent. The BSE IT index rose by 23.83 per cent. The BSE indices for consumer durables, pharmaceuticals and even for PSUs improved.
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Wall St likely to open on robust note
Mumbai: US stocks are seen kicking off a fresh month on a robust note on Monday as strong holiday sales at retailers like giant Wal-Mart Stores and a bullish call on chip leader Intel feed optimism after a stellar November.
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