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Following the closure of four investment teams last month by First Sentier Investors, Colonial First State has proposed multiple replacement managers for the CFSIL funds.
Debt mutual funds outperformed fixed deposits, emphasizing the importance of considering risk profile and investment goals. The strategy involves focusing on short-term funds and excluding target maturity funds.
Jupiter Asset Management’s profits have risen significantly in the first half of 2023 despite posting lower net revenues as the firm continues its cost-cutting drive.