After the market regulator introduced flexi-cap schemes and fund houses aligned their multi-cap schemes, investors are increasingly pouring money into this category. In July, fund houses mopped up Rs 11,508 crore in flexi-cap funds. Of this, ICICI Prudential Mutual Fund’s new fund offer (NFO) mobilised Rs 9,808 crore. Nippon India Flexi-Cap Fund has collected Rs 2,860 crore through NFO this month.
Can the defence sector continue firing after 100% gains?
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