Indian Equity Mutual Funds Drop 10% in a Week Amid Global Tech Selloff
Equity mutual funds in India dropped up to 10% in a week; international funds were the hardest hit, indicating a shift towards safer assets.
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The NIFTY 50 is an Indian stock market index that represents the float-weighted average of 50 of the largest Indian companies listed on the National Stock Exchange (NSE). Nifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE. The Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1,000 as its base value.
Equity mutual funds in India dropped up to 10% in a week; international funds were the hardest hit, indicating a shift towards safer assets.
VTechX HubNifty 50 is owned and managed by NSE Indices, which is a wholly owned subsidiary of the NSE.
SourceThe Nifty 50 index was launched on 22 April 1996 with a base date of 3 November 1995 and with 1,000 as its base value.
SourceAsk VTechX Intelligence about Nifty 50
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