Mutual funds are still the best bet

To many investors it would appear that the Union Budget 2004-05 has thrown a spanner in the works as far as mutual funds are concerned. \n\nThe long-term capital gains waiver has been extended only......

Tech bubble has burst? Funds prune allocation to IT stocks

Underweight on the sector since January amid concerns over growth prospects; no early reversal seen With rising concerns on the growth prospects of the information technology sector, equity fund......

IT, pharma funds offer no returns over last one year

Worst performers among category funds, but beat sectoral indices Those who invested in defensive sectors like pharmaceuticals and IT (information technology) a year ago are staring at huge......

With pressure rising, fund managers play safe

Indian fund managers are again under pressure. Amid global turmoil and persistent fear of redemptions from domestic retail investors, fund houses are playing safe by increasing their cash holdings......