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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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