In the first week of Nov-08, SENSEX broke its losing streak and rallied from a low of 8,509 on Oct-27th to 10,536 on Nov-10th – a gain of 23.82%.
We decided to find the performance of Mutual Funds we have recommended here and some randomly chosen funds with ratings of 4/5 stars. None of the mutual fund returns have beaten SENSEX in this relief rally, mainly due to the fact that the rally was concentrated in few Index heavyweights. This doesn’t mean you desert your Mutual Funds investments 🙂
Here is the Data of various Funds HDFC, ICICI, Reliance, DSP BlackRock, Franklin, Kotak, Fidelity and Birla Sun etc.