New Delhi, Jan 25 (IANS) Many of the large size mutual fund schemes were running on big cash through most part of CY2023, resulting in big underperformance. “We are finally seeing panic and forced deployment beginning across many of those schemes. This is visible across board, but more prominently in the smallcap space”, Elara Securities said in a report. Many of the names are laggards and did not participate aggressively in last year's rally, the report said. Cashs level for largecap and midcap schemes have already dropped to February 2022...
Investing.com - The U.S. dollar traded in a tight range in early European trade Thursday, while the euro edged higher ahead of a widely-watched European Central Bank policy meeting. At 04:10 ET (09:10 GMT), the , which tracks the greenback against a basket of six other currencies, traded just lower at 103.017, still not far from the six-week high of 103.82 seen on Tuesday. Dollar awaits fourth-quarter GDP The dollar has stabilized Thursday, dropping back slightly from the highs seen earlier in the week as traders consolidate positions ahead of...