Mutual Funds News share price target

As India heads into election season, markets have been seeing a lot of volatility. While the Nifty 50 saw gains early in the year, March saw the index closing lower amid worries about stock market valuations, global geopolitical tensions and rising oil prices.

MF AUM crossed Rs 50tn in 9MFY24, marking a new high for the industry

In December, the Nifty 50 closed at an all-time high of 21,731 and delivered an impressive 7.9% return. This surge was fueled by increased rural spending on account of the harvest and wedding seasons, which boosted consumption-driven spending overall.