As per Sebi norms, a fund manager in a large cap fund must invest at least 80% of the portfolio in top 100 companies by market capitalisation. The fund manager can invest the rest of the portfolio in mid cap stocks, small cap stocks, debt instruments, among others. All the fund manager has to do is to deliver reasonably higher returns than his benchmark index. How many `active’ fund managers managed to do it? Sadly, not many.
Insurers receptive to covering chronic ailments, declare PEDs honestly
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