Fund managers are a bemused lot these days. Some mutual funds are delivering great results, but others - in the same or different space - are going completely bananas. Read the 4Ps B&M tracker of the best & worst performing mutual funds over the last year to understand what’s up and where...
It is perhaps one of those fund categories that’s worth considering when the markets are undergoing volatility. Annual returns from the category have ranged between 9.39% to 5.76%, with an average of 8.45% for long term and 7.96% for short term funds. Strikingly, it’s the only category where a scheme from the stable of India’s oldest fund house UTI features in the Best Five list.
Most stable. For risk-averse investors it’s the best option always. And, as they say ‘slow and steady wins the race’, this definitely has outperformed many of the equity funds in the last six months. Returns from various schemes under the category have ranged between 8.69% to 7.43% over the last one year.
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