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Equity funds post best quarterly gain in 17 yr

Posted on: July 1st 2009 in Market News.

MUMBAI: Actively-managed diversified stock funds in India gained an average 48.7 per cent in three months to June, their best quarterly rise since 1992, as domestic shares clocked their biggest surge in 17 years. JM Core 11 Fund, a concentrated 11-stock portfolio managed by Asit Bhandark…

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