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Mid-cap funds continue to fare better than the equity diversified large-caps, returning 37.9 per cent in the past one year compared with the latter's 25.6 per cent.

The market reulator has abolished entry loads from August 2009, saving huge money of retail investors that was going to the intermediaries via new fund offers.
The market watchdog is of the view that fund houses can improve their commission bargaining power by working on consolidating the distribution network.
The nation's largest fund house sees big opportunity for business growth in the retail debt segment in the coming period, CEO Sundeep Sikka said.
Come January 1, all new and existing MF investors would need to disclose if they are or have been a head of state (both at central and state governments).
Ashu Suyash, MD and Country Head of Fidelity Mutual Fund, tells Babar Zaidi how the removal of entry loads on mutual funds last year has affected small investors.
Small- and mid-cap funds have been outperformers in the past one year, but this should not make them the mainstay of your fund portfolio.
Removal of entry loads on all mutual fund schemes by Sebi from August 2009. It was a step up from exemption to direct applicants only.
The regulator has also asked mutual fund houses to disclose in the offer documents how they would protect investor money in capital protection schemes.
Industry sources said the regulator was concerned about some unnecessary competition between players due to monthly disclosure of AUM data.

Sebi relaxes norms for merger of mutual fund schemes, allowing fund houses to give exit option to unit holders of surviving scheme.