B school News
IIM-L students' fund outperforms Nifty
Indian Institute of Management, Lucknow (IIML) students’-run fund Credence Capital has outperformed Nifty even in the recent choppy waters of equity market. While benchmark Nifty witnessed fall of nearly 14 per cent, Credence generated a return of 5 per cent in its equity fund, while the derivative fund returned a whopping 35 per cent.
Credence Capital was set up in July 2005 with voluntary contribution
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