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Pharma, banking funds top gainers in March
Sectoral funds investing in pharma and banks topped the performance charts among equity funds in March, while diversified stock plans lagged due to high exposure to cash and sectors like capital goods. Pharma funds on an average returned 10.8 per cent during the month while financial services funds earned 7.9 per cent, data from fund tracker Lipper, a Thomson Reuters company, showed, higher than the
Sectoral funds investing in pharma and banks topped the performance charts among equity funds in March, while diversified stock plans lagged due to high exposure to cash and sectors like capital goods. Pharma funds on an average returned 10.8 per cent during the month while financial services funds earned 7.9 per cent, data from fund tracker Lipper, a Thomson Reuters company, showed, higher than the
Banks pull out money from MFs after RBI caution
Credit policy uncertainty adds to AUM fall of Rs 22,000 crore last month.
Credit policy uncertainty adds to AUM fall of Rs 22,000 crore last month.
Lagging behind in performance
Quant funds should be used only for portfolio diversification, and are suited for high net worth investors.
Quant funds should be used only for portfolio diversification, and are suited for high net worth investors.
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