Business Daily from THE HINDU group of publications
Thursday, Jul 20, 2006
Business Daily from THE HINDU group of publications Thursday, Jul 20, 2006 |
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Markets
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Mutual Funds Nilanjan Dey
Kolkata, July 19 There is a marked disparity in asset bases in the case of MIPs, investors maintain. At the one end are large funds such as HDFC MIP Long Term (which is also the best one-year performer) with Rs 880 crore, while at the other are a host of smaller funds with anything between Rs 50-100 crore crore to manage. Some of the largest products in the category are managed by Prudential ICICI MF, Reliance MF and UTI MF, while the likes of BoB MF, DBS Chola MF and DWS MF have the smallest. The HDFC MF scheme (the long-term version), investors add, has managed to hold its head above water since inception, a reference to the 11.8 per cent it has delivered since launch.
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