LG Wing

Contributing to this influx, small- and mid-cap categories saw substantial contributions of about Rs 7,000 crore,

Utilities’ weight jumped to a 35-month high of 3.8 per cent in in Sep’23. Healthcare’s weight climbed for the fourth consecutive month to a 17-month high of 6.8 per cent. Private Banks’ weight moderated for the third consecutive month to 18.9 per cent. Oil and gas weight declined for the fifth consecutive month in Sep’23 to 5.7 per cent, the lowest since Nov'15.

The acquisition talks are currently on and “a deal could be finalised within weeks,” reports TechCrunch, citing a source.

While the overall net flows experienced a dip in various categories, it is noteworthy that thematic/sectoral funds extended their positive trend into the current month, attracting the highest net inflows.

According to ICRA, the AUM of the Indian mutual fund industry grew by nearly 19 per cent to touch Rs 46.63 lakh crore as on August 31, up from Rs. 39.33 lakh crore as on August 31, 2022.

Conversely, private banks, PSU banks, oil and gas, consumer, and NBFCs saw a MoM moderation in weights.

The US International Trade Commission (ITC) in February sided with LG in a trade secret case and issued a 10-year import ban on SK, while temporarily allowing shipments of battery components for Ford and Volkswagen to give them time to find new suppliers.