According to a report by Morningstar, domestic mutual funds
made a net investment of Rs 2,524 crore in equities in August 2011, the highest
in over three years.
However, domestic equity funds saw the worst monthly return performance
since January 2011. Among sector funds, banking and technology funds were the
worst performers with these categories falling more than 12 per cent during the
month.
Of the mid- and small-cap equity funds, about a quarter of
them underperformed the category benchmark index. These funds, which are
benchmarked to the CNX Midcap index, saw a sharp decline in August.
With gold prices touching an all-time high in August, gold
ETFs registered the highest ever monthly return of 15.2 per cent on an average.
With the softening of bond yields, gilt funds and longer tenure bond funds
outperformed in August.
Source: http://www.thehindubusinessline.com/markets/stock-markets/article2426600.ece
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