JM Aggressive Hybrid Fund, the topper in the category, delivered 55.48% return in the last one year. Bank of India Mid & Small Cap Equity & Debt Fund gave 47.28% return in the said period.
Get latest articles and stories on Latest News at LatestLY. PPFAS Mutual Fund on Wednesday bought over 62 lakh shares of Zee Entertainment Enterprises Ltd (ZEEL) for Rs 88 crore through an open market transaction. Latest News | PPFAS Mutual Fund Buys 62 Lakh Shares of ZEEL for Rs 88 Crore.
"Central banks the world over have been guiding towards somewhat elevated interest rates and lower liquidity. The equity markets, however, are continuing to value assets like they were when the rates were very low," says Rajeev Thakkar, Chief Investment Officer and Director, PPFAS Mutual Fund.
Increasing and reallocating more monthly investments in equity mutual funds will help rebalance portfolios systematically and increase the allocation in equity.