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● Neutral for Indian equities
Bank of India Small Cap, ITI Small Cap among 5 smallcap mutual funds delivering over 24% annualised returns in 3 years
The brief
- Five small-cap funds delivered over 19% annualised returns in three years; ITI and Bandhan led
- Strong past returns may draw flows to small-cap funds, increasing exposure to volatile Indian equities
- Nifty PSU Bank tanks 2%, stocks dip up to 4%; Analysts flag rate hike woes
- Bank strike from September 28: SBI, Bank of India urge customers to complete key transactions in advance
- India bonds slide for sixth week as global rout deepens
- SBI and other PSU banks waive ATM charges during September 28–30 strike