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Of the 28 NFOs of 2006, 20 failed to beat their benchmarks
Last year was a big year for stocks. The Sensex went up by 42%, riding on which we also saw a large number of new fund offerings (NFOs). How have these funds done and what holds for investors in future? Of the NFOs in 2006, we have data for 28; the others have yet to start investing and declare their NAVs. Of these, 20 have...
