Stock investors need to breathe easy as banks and financial firms rally
The M-cap of 11 banks and financial companies on the Nifty50 is up 24% since September, increasing the net asset value of large diversified stock plans
The subjects
Markets | Sensex | Nifty50
Krishna Kant |
Last updated on November 10, 2020 01:26 IST
Investors in equity mutual funds (MFs) can expect better performance from their plans, with banks and financial firms back at the head of the rally after lagging for most of the year. the current calendar year. The main actions in the financial space are bet n ° 1 for MF managers.
A poor performance on their part in the first nine months of the year had hurt the performance of most large-cap diversified funds. It is now about to change. The combined market capitalization (m-cap) of 11 banks and financial companies, including companies in the Nifty50 index, is up 24% …
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First published: Mon 09 November 2020. 20:47 IST