Herding & Bonding

Essentially, the Indian mutual fund industry is driven by 39 key stocks!

India may boast of the one of oldest stock markets and also one of the most active stock markets in the world, but fund managers find it hard to pick stocks. When we pulled out data on all the stocks in the portfolios of 203 equity diversified schemes as on December 2009, guess how many stocks we found? Just 659....

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