Mutual funds are currently investing 29985 crore rupees in
Auto sector, which is 5.15% higher than the last month. Although, the Securities and Exchange Board of India is planning to bring in
New Norms to restrict the excessive investment by any Mutual fund on one company.
According to experts, we will see the higher benefits of economic recovery in the auto sector in next 1 or 2 years. Stocks of
Midcap and
Smallcap companies are performing well and local market is expecting a much positive outlook by Midcap companies.
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