New Funds, Old Story

As usual, the new funds that collected thousands of crores are deeply under water. It's a new version of an old story

The 3500-point crash of the Sensex in a month has decimated the NAVs of mutual funds that were mindlessly riding the bull bandwagon. The largest gush of money came into the funds between Sensex levels of 10000-12000, as investors succumbed to the marketing pitch of funds and...

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