The majority of the portfolio management services (PMS) schemes underperformed the Nifty50 in FY23 amid sustained market volatility. As many as 56%, or 165 of the 297 PMS schemes were not able to beat the returns generated by the benchmark. The 297 schemes collectively delivered average returns of -0.1%, slightly higher than the -0.6% given […]
By Sameet Chavan The weakness in the global market led to a mild start in Indian equities, wherein the benchmark index opened tepid on the weekly expiry session on Thursday. Soon after, the bulls grabbed the opportunity and made a modest recovery in the index, but the correction got triggered again at the higher levels. […]
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