The year started with market veterans cautioning investors about the likely underperformance of sectors like IT and pharma. The IT sector funds seem to be getting back to the groove, but the pharma sector funds appear to be struggling. The IT sector funds have returned 4.41 per cent in one month after failing to perform in one year (-3.14 per cent), but the pharma sector funds offered only -4.57 per cent in the one month period. The performance of the category is disappointing even in one year
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