 |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
 |
|
|
Futures and Commodity Market News |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Sun May 11, 2008 |
|
|
Breaking financial news 24/7 courtesy of TradingCharts.com Inc. / TFC Commodity Charts |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
NEW DELHI, May 05, 2008 (AsiaPulse via COMTEX) -- India's mutual fund investors got the much needed respite in April as the equity schemes became profitable again after experiencing losses in the first three months of this year, a latest report says. According to mutual fund tracking firm Value Research, on an average all equity funds categories made profits for the month with the bellwether diversified equity gaining 8.36 per cent. All the 234 equity schemes from various fund houses made profits for investors last month with the returns ranging from a high of 17.3 per cent to a low 1.69 per cent. A majority of mutual funds had returns in the range of 7 per cent to 11 per cent, which was broadly in line with the markets during the month. The BSE Sensex gained 10.5 per cent while the S&P CNX Nifty gained 9.2 per cent in April. However, only 44 equity funds, representing 19 per cent of all, could outperform there benchmark indices in the month. Meanwhile, Gold ETFs, which track the price of gold, were the only funds that lost money last month. These funds lost six per cent during the month, in line with the performance of gold on international markets, the Value Research report stated. "Whether it's banking or gold or auto, or equity and debt funds on the whole, April was a month when many trends reversed quite sharply. It was a perfect demonstration of the fact that the markets change direction when investors least expect it," Value Research CEO Dhirendra Kumar said. Banking schemes were the best performers among all equity funds, posting returns of 12.41 per cent for the investors. However, their one-year performance are worst. (PTI) |
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
(C) 2008 Asia Pulse Pte Ltd Please read the End User Agreement. News provided by COMTEX |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
