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Quant Mutual Fund announced the launch of the Quant Commodities Fund. The scheme opened for public subscription on December 08, 2023, and will close on December 22, 2023.
This was a 15-year high, seen previously only in 2007. This sent the equity markets into a tailspin. The markets remained under strong corrective pressure for three sessions in the truncated week, with the last trading day seeing a technical rebound.
The minimum application amount for all these three schemes is Rs 5,000 and in multiples of Re 1 thereafter.
The volatility gauge, INDIA VIX, showed a marginal increase of 3.08% to 10.62 on a weekly basis. It remains within a striking distance of 10.14, the lowest level seen on this indicator so far. This remains a point of concern as this will keep the market exposed to profit-taking bouts.
The highlight of the week was the surging US 10-YR yields that put pressure on global equities and India was resilient, but no different. The markets went on to test key support levels on the weekly charts and experienced a technical rebound from there.