Balanced advantage funds (BAFs) are reducing their equity exposure as the market continues to rise, defying concerns over expensive valuations. HDFC BAF, the largest fund in this segment with assets under management (AUM) of Rs 94,000 crore, decreased its equity exposure to below 50 per cent in July - the lowest at least in the last two years.
IRDAI and GIC conclave: Task force formed to strengthen surety bond insurance
Read More