The Indian mutual fund industry experienced a blockbuster month in August 2024, with record-breaking net inflows of Rs 38,239 crore into equity-oriented funds, marking the 42nd consecutive month of positive inflows. Sectoral and thematic funds, particularly in Technology, Healthcare, and Retail, were the top performers, attracting significant investor interest. Additionally, factors such as strong market sentiment, increasing popularity of SIPs, and successful NFOs contributed to the industry’s growth and investor confidence.
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Who Likes Tariffs? Some U.S. Industries Are Eager for Them.
The United States plans to impose tariffs on steel and aluminum imports from Canada, sparking support from American steel and aluminum companies who believe foreign rivals benefit from unfair trade practices. While some fear increased costs and retaliation, others believe the tariffs will spur investment in domestic production. The tariffs aim to level the playing field for American manufacturers, with differing opinions within the steel and aluminum industries on the potential impact of the tariffs...
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