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Nifty 50 Junior outperformed Nifty 50 in both monthly and yearly comparisons, with strong returns from stocks like Zomato and Adani Green Energy. Nifty 50 Junior has delivered a return of 5.94% in the current month, while Nifty 50 has gained 1.45% in the same period.
Nifty 50 is a benchmark Indian stock market index that represents the weighted average of the 50 largest Indian companies listed on the National Stock Exchange.
Two equity funds at the opposite ends of the risk matrix - small-cap and arbitrage - bucked the 'low inflow' trend in May this calendar year 2023 (CY23) to receive the highest net inflows in recent years. The Rs 3,280-crore net inflows into small-cap schemes in May was the highest for the category since the mutual fund (MF) industry started releasing fund-wise inflow data in April 2019. Arbitrage schemes raked in a net Rs 6,640 crore - the highest since July 2021.
The third-quarter financials didn't excite market watchers. But equity investors can still make money if they invest in the right stocks.
(This story has not been edited by THE WEEK and is auto-generated from a PTI