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Why a mutual fund’s one-year returns can mislead investors

Updated : November 20, 2019 06:38 AM IST

Investors believe that the fund manager with the highest returns in the last one year must currently be the smartest guy around but in reality such short term performance in equity markets is driven more by co-incidence than skill.
Forget 15 percent returns, no fund will give you even positive returns every year, irrespective of how much research you do.
Why a mutual fund’s one-year returns can mislead investors

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