80% equity mutual fund schemes positive, giving up to 53% returns in 1 year

BSE Sensex, the benchmark index touched its all time high on Monday led by positive cues as US election results triggered risk appetite globally. Sensex was at 42,417.35, up 524 points, while Nifty was 12,427 at opening session. Last week was remarkable for the equity markets. BSE Sensex has gained 7% since the beginning of the last week. Are the gains reflecting in the performance of mutual funds? Well, 234 out of 298 equity mutual fund schemes are giving positive returns in the last one year now, with the highest returns being 53% in a small cap fund.

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