India’s Top Portfolio Managers Suffer Worst Monthly Loss In July Since IL&FS Crisis

India’s top portfolio managers suffered the worst loss in nearly a year last month amid a prolonged slowdown in the economy and selloff by overseas investors.The 50 largest portfolio management firms—that collectively manage Rs 1.08 lakh crore of investor money—lost 6.3 percent on an average in July, according to data compiled by BloombergQuint from the disclosures made to the market regulator. That’s the worst loss since September 2...