In the current market situation this question has been rising above the ground – Which fund should investors bet first on Indian or foreign markets? Many of the point of view that market all over the world are so much turmoil, should not be it a good opportunity to go for international funds?
Mumbai: Reliance Industries to sell out 2.33% share of RIL’s Jio to Saudi Arabia’s wealth fund Public Investment for $1.5 billion, Gulf News reported on Monday.
The S&P 500 turned positive on Wednesday after Federal Reserve pledged support again for the economy. Before the Feds statement, the S&P 500 was down about 0.8 per cent. The technological sector led the gains following Nasdaq went more than 1 per cent up.
Washington: The United States of America reported a $ 738 billion budget deficiency in the month of April 2020, resulting in an explosion in government spending and contraction of revenues in the middle of the novel coronavirus epidemic putting it deep into the red.
The Franklin Templeton mutual fund fiasco seems to hit mutual funds very badly. Most debt mutual fund categories witnessed very huge outflows in the last month i.e., April. The category hit very badly out of all is credit risk funds, which saw an outflow of Rs 19238.92 crore in April- data sourced by AMFI (Association of Mutal funds in India).