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News From Press 25 years of pvt sector mutual funds: No best fund out there, says Dhirendra Kumar

25 years of pvt sector mutual funds: No best fund out there, says Dhirendra Kumar

Source: The Economic Times Jul 12, 2018

Dhirendra Kumar, CEO, Value Research, started tracking the mutual fund space in 1990s. Those days, only government-backed firms could start mutual funds. UTI was the largest, PSU insurers and banks also ran mutual funds.

“It was a very seasonal business back then. Fund houses used to launch closed-ended funds like IPOs. You could only invest a lumpsum and equity funds were not dominant. I remember LIC had schemes like Dhanvarsha, UTI had MIPs, and SBI had those Magnum Rising Schemes. T ..

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