The indifferent attitude towards ETFs, which look like mutual funds but trade like shares on stock exchanges, prevails across the country. No wonder, then, that ETFs have yet to take off in India 13 years after the launch of the first such investment product.
Bullion prices are likely to remain weak as an economic recovery in the US will give more room to the Federal Reserve to reduce its monthly bond purchases and raise interest rates sooner than anticipated. Investors are likely to shift to equities in search of higher returns.
The Business Today-Value Research study of India's Best Mutual Funds throws up a few surprises.
With the big mutual funds on a spending spree and expanding operations aggressively, it is difficult for the smaller funds to survive.
Expert says the advantage of a process-driven fund is that if the fund manager leaves, it is easier for the fund house to find another who can operate within the defined guidelines.
Business Today, in association with Value Research, does a study of the best mutual funds in India. Here's a listing of those that top the list.
BT Fund Awards have been conceived to solve a specific problem that investors have. The problem is simple - there are too many funds of varied kind and investors don't know how to begin understanding this universe.
You don't have to talk to many people to know that the Indian mutual fund segment is in crisis, writes Dhirendra Kumar, CEO, Value Research.
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