Fund managers fumble even as stocks hit record highs

Nov 25 2013, 09:50 IST
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India's top 20 diversified equity funds, with $12.4 billion in assets, are up only 0.5 per cent this year. India's top 20 diversified equity funds, with $12.4 billion in assets, are up only 0.5 per cent this year.
SummaryPoor showing comes at a bad time for an industry already under pressure from a market regulator.

Research. "SEBI scrutiny has put asset managers on their toes and performance this year does not win them any favours with the regulator."

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