The mutual fund business in India is a losing proposition, except for a very few that have already built up a strong asset base. Even the profitable ones are making almost next to nothing on the total asset size.
If mutual funds are not making money, what’s in it for you, dear investor? Table below shows that the most profitable funds of the lot, Reliance and HDFC Mutual Funds, earn post-tax returns of just 0.26 percent and 0.28 percent respectively on total assets under management.
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If mutual funds are not making money, what’s in it for you, dear investor? Table below shows that the most profitable funds of the lot, Reliance and HDFC Mutual Funds, earn post-tax returns of just 0.26 percent and 0.28 percent respectively on total assets under management.
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