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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Equity funds gain 31 pc in May; best in 17 years
Posted on: June 2nd 2009 in Market News.
MUMBAI: Actively-managed diversified stock funds in India posted their best monthly gain in 17 years with a majority beating the benchmark index in May, lifted by a sharper rally in their mid-cap and small-cap bets. Large exposure to basic engineering and financials, among their top-3 pr…
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