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Time of India
21 hours ago
- Business
- Time of India
Investors poured nearly Rs 12,000 crore into midcap and smallcap funds in July despite market weakness. Here's why
Live Events Despite mid- and small-cap indices ending in the red in July, investor interest in these categories remained surprisingly strong, with nearly Rs 12,000 crore poured into them. According to the latest data from the Association of Mutual Funds in India ( AMFI ), mid-cap funds recorded a 38% surge in inflows , while small-cap funds saw an even sharper 61% jump compared to attribute this surge to strong earnings growth, favourable economic indicators, and a notable rise in retail investor participation.'It is crucial for investors to strategically adjust their portfolio allocations based on their risk profiles. These categories should only make up a specific portion of their equity portfolios to avoid being overly exposed to current valuations, which can be high, especially for small-cap funds,' said Rajesh Minocha, Certified Financial Planner (CFP) and Founder of Financial Radiance, in an interaction with Read | Mutual fund SIP stoppage ratio slows down to 63% in July, SIP inflow hits record high of Rs 28,464 crore The Nifty Midcap 100 – TRI and Nifty Midcap 150 – TRI fell 3.83% and 2.57%, respectively, in July. On the other hand, the Nifty Smallcap 100 – TRI and Nifty Smallcap 250 – TRI declined 5.61% and 3.37%, respectively, during the same period.'Other than these, flows into other categories were quite similar. It appears investors are now allocating to all categories of equity MFs without too much bias towards a single category, though the tilt is still more towards smallcaps,' said Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience added, 'Indications are that investors are getting savvier and paying attention to the PE ratios of the indexes linked to different fund categories before allocating. If not, they should start considering this parameter. Of course, revenue and earnings growth expectations for these categories are also relevant but not easily accessible to retail investors.'In July, small-cap funds recorded the third-highest inflow among the 11 equity sub-categories, with Rs 6,484 crore, compared to Rs 4,024 crore in June. Mid-cap funds saw an inflow of Rs 5,182 crore in July, up from Rs 3,754 crore in two categories have been witnessing a steady surge in inflows for the past two months. This resilience comes despite valuations in these segments already being elevated and market participants cautioning about possible volatility to AMFI's monthly note, both mid-cap and small-cap funds recorded their highest-ever monthly inflows within their respective this surge in inflows, the question arises: are there risks to be aware of, and should investors enter now or wait for a correction? Minocha responded that investors must recognise the inherent risks of high valuations, which significantly increase the chances of a sharp market correction in these segments. Additionally, mid-cap and small-cap funds carry higher liquidity risks compared to large-cap Read | Simple, timeless dal-chawal solution: Radhika Gupta's take on Edelweiss Multi Asset Omni Fund of Fund 'Conservative investors should definitely consider waiting for a market correction, while aggressive investors should maintain disciplined exposure without falling into the trap of chasing the rally. Investors with a moderate risk profile should keep their portfolio mainly in flexi-cap and large & mid-cap type funds,' he further the performance front, mid-cap funds on average lost 1.92% in July. There were 30 funds in the category, with Edelweiss Mid Cap Fund losing the most at around 3.78%, while Helios Mid Cap Fund delivered the highest positive return of 0.17%.During the same period, small-cap funds on average lost 1.23%. Out of 30 funds in this category, JM Small Cap Fund saw the steepest decline of around 3.25%, while PGIM India Small Cap Fund offered the highest positive return of around 0.92% in the negative and minimal positive returns, Minocha recommends that in the current environment, a staggered Systematic Investment Plan (SIP) is undoubtedly the superior choice, as it effectively minimises timing risk and balances out inherent market volatility.'Those with a lump sum amount can park the money in a liquid fund and then do a Systematic Transfer Plan (STP) into equity funds weekly. On the other hand, a lump sum investment at this stage carries a significant risk of short-term drawdowns in the event of a market correction.''Mid-caps and small-caps can provide higher returns in the long run, driven by the Indian growth story. However, near-term returns could be low due to stretched valuations. Selective investing and disciplined allocation will be key to navigating this phase successfully,' he should always invest based on their risk appetite, investment horizon, and financial goals.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
a day ago
- Business
- Economic Times
Investors poured nearly Rs 12,000 crore into midcap and smallcap funds in July despite market weakness. Here's why
Synopsis In July, mid-cap and small-cap funds saw record inflows despite elevated valuations and market caution. Experts warn of higher correction risks, urging staggered SIPs or STPs over lump sum investments. Conservative investors may wait, while disciplined allocation remains crucial for navigating volatility and maximising long-term potential in these segments. Despite mid- and small-cap indices ending in the red in July, investor interest in these categories remained surprisingly strong, with nearly Rs 12,000 crore poured into them. According to the latest data from the Association of Mutual Funds in India (AMFI), mid-cap funds recorded a 38% surge in inflows, while small-cap funds saw an even sharper 61% jump compared to attribute this surge to strong earnings growth, favourable economic indicators, and a notable rise in retail investor participation.'It is crucial for investors to strategically adjust their portfolio allocations based on their risk profiles. These categories should only make up a specific portion of their equity portfolios to avoid being overly exposed to current valuations, which can be high, especially for small-cap funds,' said Rajesh Minocha, Certified Financial Planner (CFP) and Founder of Financial Radiance, in an interaction with ETMutualFunds. Also Read | Mutual fund SIP stoppage ratio slows down to 63% in July, SIP inflow hits record high of Rs 28,464 croreThe Nifty Midcap 100 – TRI and Nifty Midcap 150 – TRI fell 3.83% and 2.57%, respectively, in July. On the other hand, the Nifty Smallcap 100 – TRI and Nifty Smallcap 250 – TRI declined 5.61% and 3.37%, respectively, during the same period. 'Other than these, flows into other categories were quite similar. It appears investors are now allocating to all categories of equity MFs without too much bias towards a single category, though the tilt is still more towards smallcaps,' said Dr. Vikas Gupta, CEO & Chief Investment Strategist at OmniScience added, 'Indications are that investors are getting savvier and paying attention to the PE ratios of the indexes linked to different fund categories before allocating. If not, they should start considering this parameter. Of course, revenue and earnings growth expectations for these categories are also relevant but not easily accessible to retail investors.'In July, small-cap funds recorded the third-highest inflow among the 11 equity sub-categories, with Rs 6,484 crore, compared to Rs 4,024 crore in June. Mid-cap funds saw an inflow of Rs 5,182 crore in July, up from Rs 3,754 crore in two categories have been witnessing a steady surge in inflows for the past two months. This resilience comes despite valuations in these segments already being elevated and market participants cautioning about possible volatility to AMFI's monthly note, both mid-cap and small-cap funds recorded their highest-ever monthly inflows within their respective this surge in inflows, the question arises: are there risks to be aware of, and should investors enter now or wait for a correction? Minocha responded that investors must recognise the inherent risks of high valuations, which significantly increase the chances of a sharp market correction in these segments. Additionally, mid-cap and small-cap funds carry higher liquidity risks compared to large-cap options. Also Read | Simple, timeless dal-chawal solution: Radhika Gupta's take on Edelweiss Multi Asset Omni Fund of Fund 'Conservative investors should definitely consider waiting for a market correction, while aggressive investors should maintain disciplined exposure without falling into the trap of chasing the rally. Investors with a moderate risk profile should keep their portfolio mainly in flexi-cap and large & mid-cap type funds,' he further the performance front, mid-cap funds on average lost 1.92% in July. There were 30 funds in the category, with Edelweiss Mid Cap Fund losing the most at around 3.78%, while Helios Mid Cap Fund delivered the highest positive return of 0.17%.During the same period, small-cap funds on average lost 1.23%. Out of 30 funds in this category, JM Small Cap Fund saw the steepest decline of around 3.25%, while PGIM India Small Cap Fund offered the highest positive return of around 0.92% in the negative and minimal positive returns, Minocha recommends that in the current environment, a staggered Systematic Investment Plan (SIP) is undoubtedly the superior choice, as it effectively minimises timing risk and balances out inherent market volatility.'Those with a lump sum amount can park the money in a liquid fund and then do a Systematic Transfer Plan (STP) into equity funds weekly. On the other hand, a lump sum investment at this stage carries a significant risk of short-term drawdowns in the event of a market correction.''Mid-caps and small-caps can provide higher returns in the long run, driven by the Indian growth story. However, near-term returns could be low due to stretched valuations. Selective investing and disciplined allocation will be key to navigating this phase successfully,' he should always invest based on their risk appetite, investment horizon, and financial goals. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Economic Times
7 days ago
- Business
- Economic Times
RBI MPC: What strategy should debt mutual fund investors follow?
Synopsis The RBI kept the repo rate steady at 5.5%, prompting experts to suggest short-duration or hybrid funds for investors. While growth remains stable and inflation forecasts are lowered, rate cuts may be limited ahead. Experts recommend a barbell strategy to balance risk across short- and long-term debt instruments. Agencies After the Reserve Bank of India (RBI) on Wednesday announced that it would keep the repo rate unchanged at 5.5%, a market expert recommends that investors should continue to put short-term money requirements or their emergency funds in short-duration funds and those above 20% tax bracket could consider hybrid fund like the arbitrage fund.'There were some expectations that there will be a rate cut due to which markets have taken negatively. But considering that last time rate cut at 0.5% was higher than the expected 0.25% and considering the current uncertainties due to geopolitical and tariffs deadlock, I think it is a good decision by RBI,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with the last policy, RBI announced a cut in the repo rate by 50 basis points to 5.50% and a 100 basis point CRR cut. The last cut was the third consecutive rate cut by RBI in the current calendar year and the second one in the current financial year. Also Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 yearsIn February and April, the apex bank had reduced the repo rate by 25 basis points each. Before this, the repo rate was held at 6.5% for 11 consecutive meetings. Post an announcement of keeping the rates steady by the RBI Governor, the expert believes that the focus still stays on inflation, even though the FY26 forecast has been revised down from 3.7% to 3.1%. 'The GDP Forecast has been maintained at 6.5% for FY26 which is good news. Investors should consider a barbell strategy. Some weight should stay with short-term instruments, and the rest with long-term instruments, in order to manage their interest rate risk,' he Governor in his statement mentioned that, 'On the external financing side, gross foreign direct investment (FDI) to India remained strong during April-May 2025-26. However, net FDI moderated during this period due to higher outward FDI. Foreign portfolio investment (FPI) inflows to EMEs have remained strong in May and June 2025. However, net FPI to India recorded outflows of US$ 0.8 billion in 2025-26 so far (April-July 31) due to outflows in the debt segment.'Minocha is of the opinion that short or medium-term investors (1–3 years) may stick to short-duration funds and those inclined to be long term (3+ years) can consider long-duration funds, in a phased manner.'This should be considering their overall asset allocation, as investments beyond 5 years time horizon should be towards equity funds and equity focussed hybrid funds,' he further added. The Credit Policy has come as per market expectations. Growth estimates and policy rates remain unchanged. Inflation estimates revised downwards. The liquidity situation remains comfortable and will remain growth supportive. Future Policy decision will be data driven. With front loading and 100bps rate cuts already, continue to see long end rates come under pressure for now. Interestingly RBI acknowledged that large corporates have been agile to fund from bond markets given the slower transmission of rate cuts. We continue to see robust growth of corporate bond markets this year both from supply and demand continue with our outlook that the short/mid end of the corporate bond yield curve will continue to outperform due to a mix of liquidity and good spreads vis-à-vis G-secs. We suggest investors look at funds investing in high rated bonds maintaining duration of 2 to 4 years. This includes categories such as Corporate Bond funds, Banking & PSU funds, Short Duration and Target Maturity funds. Also Read | JioBlackRock Mutual Fund launches 5 index funds. Should you consider investing in these passive funds? In this evolving landscape, dynamic bond funds are a smart choice for investors looking to stay flexible as interest rate expectations shift. These funds actively adjust their portfolio duration (simply put - the average time it takes for a bond's cash flows to repay) in response to changing market conditions, including interest rate growth-inflation dynamics set a high bar for any future rate cuts. A small window for a possible final rate cut may open in the October or December policy meetings, but only if economic growth surprises meaningfully on the downside. "Comforting commentary on adequate banking liquidity provides some relief. Currently elevated market yields, combined with low running inflation, offer a favourable risk-reward profile for investors.," Garg added. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
7 days ago
- Business
- Time of India
RBI MPC: What strategy should debt mutual fund investors follow?
After the Reserve Bank of India ( RBI ) on Wednesday announced that it would keep the repo rate unchanged at 5.5%, a market expert recommends that investors should continue to put short-term money requirements or their emergency funds in short-duration funds and those above 20% tax bracket could consider hybrid fund like the arbitrage fund. 'There were some expectations that there will be a rate cut due to which markets have taken negatively. But considering that last time rate cut at 0.5% was higher than the expected 0.25% and considering the current uncertainties due to geopolitical and tariffs deadlock, I think it is a good decision by RBI,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with ETMutualFunds. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program In the last policy, RBI announced a cut in the repo rate by 50 basis points to 5.50% and a 100 basis point CRR cut. The last cut was the third consecutive rate cut by RBI in the current calendar year and the second one in the current financial year. Best MF to invest Looking for the best mutual funds to invest? Here are our recommendations. View Details » Also Read | MF Tracker: HDFC Flexi Cap Fund turns Rs 10,000 SIP to nearly Rs 21.50 crore in 31 years In February and April, the apex bank had reduced the repo rate by 25 basis points each. Before this, the repo rate was held at 6.5% for 11 consecutive meetings. Live Events Post an announcement of keeping the rates steady by the RBI Governor, the expert believes that the focus still stays on inflation, even though the FY26 forecast has been revised down from 3.7% to 3.1%. 'The GDP Forecast has been maintained at 6.5% for FY26 which is good news. Investors should consider a barbell strategy. Some weight should stay with short-term instruments, and the rest with long-term instruments, in order to manage their interest rate risk,' he adds. The Governor in his statement mentioned that, 'On the external financing side, gross foreign direct investment (FDI) to India remained strong during April-May 2025-26. However, net FDI moderated during this period due to higher outward FDI. Foreign portfolio investment (FPI) inflows to EMEs have remained strong in May and June 2025. However, net FPI to India recorded outflows of US$ 0.8 billion in 2025-26 so far (April-July 31) due to outflows in the debt segment.' Minocha is of the opinion that short or medium-term investors (1–3 years) may stick to short-duration funds and those inclined to be long term (3+ years) can consider long-duration funds, in a phased manner. 'This should be considering their overall asset allocation, as investments beyond 5 years time horizon should be towards equity funds and equity focussed hybrid funds,' he further added. Here is how other experts decode RBI MPC: Nilesh Shah, MD – Kotak Mahindra AMC The Credit Policy has come as per market expectations. Growth estimates and policy rates remain unchanged. Inflation estimates revised downwards. The liquidity situation remains comfortable and will remain growth supportive. Future Policy decision will be data driven. Vishal Goenka, Co-Founder of With front loading and 100bps rate cuts already, continue to see long end rates come under pressure for now. Interestingly RBI acknowledged that large corporates have been agile to fund from bond markets given the slower transmission of rate cuts. We continue to see robust growth of corporate bond markets this year both from supply and demand side. Naval Kagalwala, COO & Product Head at Shriram Wealth We continue with our outlook that the short/mid end of the corporate bond yield curve will continue to outperform due to a mix of liquidity and good spreads vis-à-vis G-secs. We suggest investors look at funds investing in high rated bonds maintaining duration of 2 to 4 years. This includes categories such as Corporate Bond funds, Banking & PSU funds, Short Duration and Target Maturity funds. Also Read | JioBlackRock Mutual Fund launches 5 index funds. Should you consider investing in these passive funds? Sneha Pandey, Fund Manager- Fixed Income , Quantum AMC In this evolving landscape, dynamic bond funds are a smart choice for investors looking to stay flexible as interest rate expectations shift. These funds actively adjust their portfolio duration (simply put - the average time it takes for a bond's cash flows to repay) in response to changing market conditions, including interest rate movements. Vikas Garg, Head – Fixed Income, Invesco Mutual Fund Forward-looking growth-inflation dynamics set a high bar for any future rate cuts. A small window for a possible final rate cut may open in the October or December policy meetings, but only if economic growth surprises meaningfully on the downside. "Comforting commentary on adequate banking liquidity provides some relief. Currently elevated market yields, combined with low running inflation, offer a favourable risk-reward profile for investors.," Garg added.
Economic Times
26-07-2025
- Business
- Economic Times
SBI FDs offer up to 6% returns in short term. Should investors explore debt mutual funds instead?
State Bank of India cuts fixed deposit rates. Experts suggest debt mutual funds may offer better post-tax returns. With SBI, the largest public sector lender, reducing interest rate on certain short-term tenure fixed deposits by 15 basis points for three tenures, mutual fund experts mentions that followed by the recent repo rate cut by the central bank, many banks are cutting their FD interest rates, making traditional FDs less attractive and short term debt mutual funds such as liquid funds and overnight funds may give better post-tax returns. 'Liquid funds and overnight funds may well give better post-tax returns to especially those at higher tax brackets while offering similar liquidity. Those in the 20%+ tax bracket could opt for hybrid Arbitrage funds for better taxation. Please also note that interest on FDs is taxable even on an accrual basis, whereas in case of mutual funds it is only when redeemed,' Rajesh Minocha, a Certified Financial Planner (CFP), Founder of Financial Radiance shared with ETMutualFunds. Also Read | Explained: What is loan against mutual funds, and how do they work? Another expert recommends best suited funds for investors with an investment horizon of up to six months and for the ones with an investment horizon of more than six months.'Investors looking for short-term parking options may consider alternatives like ultra-short duration funds for periods up to 6 months, as they offer potentially better post-tax returns. For investment horizons above 6 months, arbitrage funds can be a more efficient option. They carry similar risk profiles to debt funds but may deliver slightly better returns,' Hrishikesh Palve, Director at Anand Rathi Wealth Limited told ETMutualFunds. SBI has reduced the FD rates by 15 basis points for three short-term tenures. The bank has reduced the interest rate for the tenure of 46 days to 179 days from 5.05% to 4.90% for general citizens. The FD interest rate for tenure between 180 days and 210 days has been reduced from 5.80% to 5.65%. For the tenure of 211 days to less than 1 year, the bank has lowered the rate from 6.05% to 5.90% for general citizens. These new interest rates are effective from July 15. In case of senior citizens, the FD rates have been reduced by 15 bps as well for the same to a report by ETWealth, After revision, the bank is offering FD interest rate between 3.05% and 6.45% (excluding Amrit Vrishti rates) for general citizens. The interest rate is applicable FD tenure ranging between 7 days and 10 years. For senior citizens, the bank offers FD interest rate between 3.55% and 7.05% (including SBI WeCare) for the same tenure. Coming to the comparison between fixed deposits and debt mutual funds, fixed deposits are considered low risk investments as they offer a guaranteed return for the predetermined period whereas debt mutual funds have a slightly higher risk associated with them because of the interest rate movement. The second point of difference comes on the taxation part. The investment in tax-saving fixed deposits is exempted under Section 80 C of the Income Tax Act whereas for the debt mutual funds there is no such exemption. But both fixed deposits and debt mutual funds are classified under the same asset SBI slashed rates and experts recommended debt mutual funds as an option for short-term goals, investors are wondering that how does the tax efficiency of short-term debt funds compare to these FDs for someone in the higher tax bracket, to which Minocha replies that though the indexation benefit is removed from the debt funds, their taxation will still be better as they are taxed only when Palve is of the view that for someone in a higher tax bracket, investing in debt funds or FDs doesn't offer much difference in terms of tax efficiency, since gains from both are now taxed as per the individual's income tax slab. However, investors in this category can consider alternatives like arbitrage funds, as these funds carry a similar level of risk to debt funds but have the potential to offer better post-tax returns due to favorable taxation, making them more tax-efficient options for short-term investments, he added. Also Read | Sebi proposes changes in categorization and rationalization of mutual fund schemes ETMutualFunds considered the performance of debt mutual funds in the last one year and found that around 312 debt mutual funds have marked their presence in the market for around one year. Out of these 312 funds, 310 gave over 5.9% return. Around 17 funds gave double-digit returns in the last one Credit Risk Fund offered the highest return of around 22.9% in the last one year, followed by HSBC Credit Risk Fund which gave 21.4% return in the same Birla SL Credit Risk Fund and Aditya Birla SL Medium Term Plan gave 16.9% and 13.9% returns respectively in the same funds - DSP 10Y G-Sec Fund, Baroda BNP Paribas Corp Bond Fund, and Nippon India Dynamic Bond Fund - gave 10% each and were the last ones to offer double-digit returns. ITI Overnight Fund gave a return of 6% in the last one Overnight Fund and Motilal Oswal Ultra Short Term Fund offered equivalent returns to the FD interest rate in the last one year. The schemes gave 5.9% each in the said time generally consider overnight and liquid funds as an option for parking idle savings outside the world of banking. For a savings account alternative, safety and liquidity must take priority over anything else and liquid funds and overnight funds come closest to satisfying these discussing mutual fund categories that can now be considered a superior alternative to short-term FDs, especially for emergency funds, both the experts recommend liquid funds and ultra short duration funds and ultra-short duration funds could indeed confer superior tax efficiencies, daily liquidity and no penalty if redeemed earlier, and marginally better returns than short-term fixed deposits and for those above 20% tax bracket could consider arbitrage funds, is what Minocha similar opinion, Palve said for short-term goals and emergency funds, liquid funds & ultra-short duration funds can be a strong alternative to fixed deposits as they typically invest in debt and money market instruments with a duration of 3 to 6 months, offering better post-tax returns and higher liquidity and are especially suitable for investors in higher tax brackets, as they can deliver slightly better returns than FDs while maintaining a low-risk data from Association of Mutual Funds in India (AMFI) shows that mutual fund investors have realigned their short-term investments, pulling money out of liquid and overnight funds amid changing preferences as these categories together have witnessed an outflow of more than Rs 81,000 crore in the last two months - May and the last two months, liquid funds have seen an outflow of Rs 16,274 crore and overnight funds saw an outflow of Rs 65,401 the contrary, money market funds have been receiving huge inflows. Based on the data, money market funds have received the second highest inflows in the last three months - April, May and June within 16-sub categories in debt mutual May, corporate bond funds received the highest inflow of Rs 11,983 crore among 16-sub categories whereas in June, short duration funds received the highest inflow of Rs 10,276 crore. Also Read | NFO Insight: Capitalmind Mutual Fund's flexi cap fund opens for subscription. Will it help to manage current market volatility? As corporate bond funds and short duration funds are also gaining investors' interest, can these be considered to park idle cash with liquidity and slightly better returns to which Minocha recommends that liquid funds, ultra-short funds, short-duration and arbitrage funds will give better post-tax returns with a reasonable degree of liquidity and fair safety, ideal for parking idle Palve says that with falling FD rates, investors can consider mutual funds as a better alternative to park idle cash but being selective is important. 'For an investment horizon of up to 1–6 months, ultra-short duration funds are suitable as they offer good liquidity and stable returns. For horizons above 6 months, arbitrage funds work well since they provide slightly better return potential than traditional debt funds, with comparable risk and better tax efficiency,' Palve considered all debt categories such as gilt fund, long duration, medium to long duration, gilt fund - constant maturity 10 year, credit risk funds, liquid funds, money market funds, overnight funds, corporate bond fund, dynamic bond fund, floating rate bond, banking and PSU funds, medium duration, low duration, short duration funds. We excluded debt based target maturity funds. We considered regular and growth calculated returns for one year. We calculated simple annualised returns as in debt mutual funds, returns up to one year are annualised and above one year are CAGR. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) If you have any mutual fund queries, message on ET Mutual Funds on Facebook/Twitter. We will get it answered by our panel of experts. Do share your questions on ETMFqueries@ alongwith your age, risk profile, and Twitter handle.
