Investors putting money in actively-managed mutual fund (MF) schemes are likely to have seen less wealth erosion than those who have switched to index-linked ‘passively’ managed schemes. Passive funds gained popularity as fund managers under-performed index returns last year, Sample this: 94 per cent of large-cap schemes have fallen less than their benchmark indices over 3-month period, data sourced from Morningstar shows.
Health, life insurance premiums need a tax cut? GoM to meet on October 19
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