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Diversified funds give poor returns on volatile market

Diversified funds give poor returns on volatile market

As equity markets remained flat since April 2011, most diversified equity funds over the past one year gave a rather miserly return of below 5%.

As equity markets remained flat since April 2011, most diversified equity funds over the past one year gave a rather miserly return of below 5%.

Rs 400 cr is the net investments in equities by mutual funds in the first half of July

88% is the increase in cash holdings by mutual fund houses in June 2011

6% is the increase in asset under management of the mutual fund industry in the April-June 2011 quarter

Rs 7,747 cr is the total collection from 74 new fixed maturity plans in June