by Indranil Deb – DNA Money
Recent reports in the media have been somewhat critical of fund managers – pointing out that mutual funds have missed the upside of the recent bull-run that pushed the Sensex to its all-time high. Reportedly, out of the aggregate assets under management of around Rs 1 lakh crore earmarked for equity, funds were sitting on cash to the extent of 15%, or Rs 15,000 crore.
But, why have MFs failed to capitalise on the bull-run? The fund manager could well be the proverbial scapegoat. But, to be fair, the fund manager cannot entirely be faulted for treading this path of caution.Click here for the full article.