ENB is an open-ended scheme tracking Nifty Bank Index and ELM250 is an open-ended equity scheme replicating Nifty LargeMidcap 250 Index managing assets worth Rs 2 crore and Rs 50 crore respectively as on June 30, 2023. The record date for the merger is August 7, 2023.
THB will use the funds to expand its operations globally and accelerating growth in existing countries across South Asia, Middle East, and South East Asia.
THB said it will use the funds in expanding its operations globally and accelerating growth in existing countries across South Asia, Middle East and South East Asia.
Despite expectations that the sector's near-term outlook will be affected by the banking crisis, prospects remain promising in the long run, analysts say