Top news and market movers ⚡ this week: 13th Nov’ 20

Top news

Finance Minister Nirmala Sitharaman announced a stimulus package worth Rs 2.65 lakh crore in the form of Atmanirbhar Bharat 3.0. This includes income tax relief for home buyers and fertiliser subsidy of Rs 65,000 crore for farmers.

The net AUM of the mutual fund industry grew by 5.1% to Rs 28.2 lakh crore in October. Liquid funds witnessed the most traction within the debt category with inflows of Rs 19,583 crore

Kotak Standard Multicap Fund and Motilal Oswal Multicap 35 Fund are to be re-classified as Flexi cap Funds, and renamed as ‘Kotak Standard Flexi cap Fund’ and ‘Motilal Oswal Flexi Cap 35 Fund’.

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