A spectacular comeback by the bulls in April helped Indian portfolio managers deliver strong returns to their rich investors. Available data suggests almost all the 147 PMSes delivered positive returns to investors during the month. Firm global cues, intermittent news flow about the development of a Covid-19 vaccine, significant moderation in FII selling and return of buyers as deep value emerged in several sectors helped pull Sensex and Nifty higher by nearly 15 per cent in April.
Is your mutual fund overlapping putting your investments at risk? How to identify and avoid it!
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