However as many as 351 schemes have yet to reach the highs they witnessed in 2008.
Sectoral schemes such as those that put money in pharmaceutical, consumer goods and banking stocks come out on top, with MIPs and balanced funds also doing well.
The ones that have yet to regain their NAV levels are the ones that have high exposure to infrastructure and realty or those in which fund managers did not do well enough.
"Balanced funds can handle the volatility better and can move into cash to a larger extent (when required) and hence perform well," said Surya Bhatia, a Delhi-based financial planner.
The performance varies among various fund houses. HDFC Mutual Fund tops with 19 out of its 21 schemes having crossed their NAVs at the time when Sensex was at its highest peak. DSP Black Rock, Reliance, ICICI Prudential and Birla Sunlife mutual funds follow.
Source: http://www.hindustantimes.com/Mutual-funds-in-big-rebound-from-2008/Article1-600590.aspx
1 comment:
The market is continuously going up, which is a good sign to investors, and Mutual Funds schemes are also performing well, so i think its better time for investors to invest in mutual funds.
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