Global crisis pushes MFs in a tight spot

Markets Bureau
Posted: Monday, Oct 06, 2008 at 2251 hrs IST
Updated: Monday, Oct 06, 2008 at 2251 hrs IST

Font Size

Feedback

Discuss

Mumbai, Oct 5: do not expect huge redemption pressure. “Overall, expect for specialised technology funds most of the equity funds have operated in line with the benchmark indices in the past six months and many have actually fallen lesser than these indices,” the fund manager adds. And, equity based arbitrage funds have taken an advantage of the volatilty and recorded a positive return of 3.28% in the first six months.

At the moment, gold exchange traded funds are at the top of the returns heap with a six monthly return of around 9.29% , and rest of the debt based funds are in the positive zone.

Hence, with the markets looking shaky, most of the funds would be focussing on debt and related fund offers. With the Insurance Regulatory & Development Authority (Irda) allowing mutual funds to bundle life insurance products with the schemes, there could be a boost in the collections in the times to come....

Post Comments

Comments: (Limit 3,000 characters)

Name		Message
Email ID
Subject

TERMS OF USE:
The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).

I agree to the terms of use.