February 4, 2023
After placing up a stellar present in 2019-2021, home mutual funds that spend money on worldwide equities took a again foot during the last one 12 months resulting from worry of recession in key world markets together with the US. Funds investing primarily in US IT shares have been hit onerous and noticed worth erosion of upto 40 %. Whereas world funds throughout segments took a beating, few funds managed to ship constructive returns prior to now 12 months. Funds that had virtually nil publicity to US IT shares, having larger allocation to the agriculture, gold and copper commodity shares carried out higher and delivered constructive returns.

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