Quotes with Resistance & Support
Market Information

LIC Mutual Fund: Equity schemes and index funds – Worst performers in their categories

This article was posted on Nov 17, 2010 and is filed under Market News

Even as LIC Mutual Fund faces the heat over heavy losses in liquid and money market investments, its equity schemes and index funds continue to be among the worst performers in their categories

Life Insurance Corporation of India’s (LIC) mutual fund company has fallen on troubled times, according to a report in a leading business daily. With questionable investments in liquid and money market schemes, LIC Mutual Fund has notched up losses to the tune of Rs120 crore in its half-yearly earnings report. This hardly comes as a surprise given the pathetic track record across the spectrum of mutual fund schemes launched by the subsidiary of the country’s largest financial institution.

LIC enjoys the trust of millions of insurance policyholders in the country, who bank on its safe image and clean record for settling claims. Unfortunately, this has not been the case with LIC MF. For long now, a majority of LIC MF’s schemes have been among the worst performers in their category and have earned a notorious reputation for underperformance and average returns. For more visit: Moneylife.in

Similar Posts:

Breakouts

+ve 30 DMA    50 DMA    150 DMA    200 DMA
-ve 30 DMA    50 DMA    150 DMA    200 DMA

Latest Query

Missed venkys...view more »
- by Jesal Raval
Status: Awaiting reply

Market Stats

  • Nasdaq
    5872.72
    +32.35
    [+0.55%]
  • Nikkei 225
    19202.87
    +217.28
    [+1.14%]
  • Hang Seng
    24345.87
    +152.17
    [+0.63%]
  • Straits Times
    3157.82
    +30.94
    [+0.99%]
  • FTSE 100
    7343.42
    +49.92
    [+0.68%]
  • CAC 40
    5046.20
    +28.77
    [+0.57%]

Search Our Archives

Latest Investment Idea

Recent Comments