Equity fund managers are advising investors to stick to large-cap funds and limit or avoid exposure to mid-cap and small-cap stocks in 2017, as the year is expected to be volatile. They say large-caps offer higher relative safety, especially in such times — they restrict investments to blue-chip companies. Investors with low risk appetite could look at balanced funds with dynamic asset allocation. The average one-year return for large-cap equity schemes has been around 20 per cent. The recent rally in stock prices has improved the performance.
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