From a low of 12,514 on 16 July 2008, the Sensex has rallied almost 3,000 points on the expectations that the UPA government will pursue economic reforms, this time without the choking yoke of the Left parties. Crude oil prices have come down too, helping the rally. What we saw was an instance of the slightest positive news causing the market to rally in the very near-term. Generally, after a...

Launching schemes to suit the market mood is not new to mutual funds and the bull run of the past five years had provided them ample opportunity to come up with novel ideas to garner retail money. Funds have rushed to launch schemes linked to market-caps of companies often under the garb of trying to capture blue-chips of tomorrow. How have these funds performed over the past one year?