The World of Investments and Money

Friday, December 8, 2006

Eight Indian mutual funds among world's top 10

Interesting news item. For a period of last 10 yrs, 8 Indian MFs are among top 10 in the world! For 5 yrs period 7 Indian MFs among world's top 10 performing. Interestingly, in the short term period of last one yr there is not a single Indian MF among top 10. Strange as it has seen the big run in the Indian stock market. Does it mean Indian MFs had the long term horizon in their mind and didn't actively trade when the market soared?
Times of India article here

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