Quant Focused Fund (19.03%) delivered the highest 10-year performance followed by Nippon India Focused Equity Fund which beat the benchmark index. The other schemes are the SBI Focused Equity Fund and Franklin India Focused Equity Fund.
Kamath also expects Zerodha to grow at around 10-15% in the present market condition. He also added that the firm s diversification strategies will help in maintaining the long-term growth of the company
At present, Asset Management Companies (AMCs) calculate the performance of mutual fund schemes. Similarly, portfolio managers have been permitted to report their performance vis-a-vis certain benchmarks. The claims made by these intermediaries are mostly self-verified and currently there is no dedicated agency to validate such claims.
The Nippon India Innovation Fund will invest in innovative firms after its NFO ends. It’s a high-risk, high-return play meant for savvy investors who can withstand volatility. While the fund house’s resurgence might instill some confidence, it may be prudent to be patient.