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Indian equity funds on a high?

Indian equity funds on a high?
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First Published: Tue, Jul 12 2011. 09 24 PM IST
Updated: Tue, Jul 12 2011. 09 24 PM IST
The set of data has been approached in two ways: number of funds that outperformed their respective benchmark indices as at May 2011, and magnitude of outperformance on a three-year rolling basis. Data is net of ongoing total fees/expenses (typically in the order of 2% per annum).
Also See Indian equity funds on a high? (PDF)
By number of funds, over the past three years about 70% of large-cap funds outperformed the BSE 100 index and 58% outperformed Nifty. By magnitude, three-year excess returns of the median as at May has been 3.8% after fees; however the upper quartile (top 25% of large-cap funds) still shows excess returns of 6.4% after fees. Dispersion in returns between upper and lower quartile for large-caps has been 7%.
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First Published: Tue, Jul 12 2011. 09 24 PM IST
More Topics: Equity | Funds | BSE | Nifty | Mid-cap |