Shares of several Indian banks, public and private, hit their 52-week lows in recent days. With a 17 per cent erosion in value since January 1, the average category return has been 16 per cent in negative territory over the past year.
The Nifty Bank index is down 16 per cent in the same period. In simple words, every Rs 100 invested a year earlier in a banking sector fund is now worth Rs 84.
