Indian equity mutual funds fail to capitalise on Jan rally, outlook muted
Reuters: NEW DELHI, Feb 04 2013, 15:20 IST
mid- and small-cap stocks lagged peers in January, hurting performance, given these stocks collectively accounted for nearly 38 percent of assets as of end December according to the Morningstar data.
The BSE mid-cap index fell 2 percent, while the small-cap index fell 4.14 percent in the month.
Funds focused on the information technology (IT) sector emerged as the best performers in January, gaining 10 percent on an average, as corporate earnings from Infosys Ltd and Tata Consultancy Services Ltd boosted the sector.
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