THERE is nothing wrong in earning high returns but investors tend to overlook consistency. That should be one of the main reasons to select a mutual fund. Imagine a cricket team with players who can score centuries by hitting the sixes and fours, but when the going is tough, no one has the ability to score runs. Such a side will do extremely well in the right conditions and against certain opponents, but given a tough ground or opposition they will falter.
Similarly, it is important to have a consistent player in your portfolio. Taking the cricket analogy forward, even players with the finest technique cannot be in form all throughout their careers.