FMCG equity mutual funds rose up to 6% last week
With markets recovered in this week, equity mutual funds gave high returns to its investors. Sector-wise, FMCG was the best performer, giving nearly 6% returns in just one week.
Domestic markets this week recovered after last week's plunge on the back of regulatory body Securities and Exchange Board of India (Sebi) severe steps towards 331 shell companies.
Indices recorded gains in during the truncated trading week, with benchmark Sensex rising 311.09 to close at 31,524.68, while the broader Nifty garnering 126.60 points to finish at 9,837.40.
What boost up the sentiments of the investors this week was the ease of geo-political tension with North Korea. However, on the last day of trade, the gains were washed away after the surprise exit of Infosys CEO Vishal Sikka and terrorist attacks in Spain (Barcelona).
Despite volatility, what kept the mood of equity investors were Mutual Funds.
Financial Planning: A mutual fund that doubled your money in five years
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