From whichever angle you see, the NAV makes no difference to returns. Mutual fund schemes have to be judged on their performance.
Indian fund houses are increasingly recognising the usefulness of having international exposure in one's portfolio.
RIL scrip dropped 3.37 per cent, closing at Rs. 527.15 and dragging the BSE Sensex down by 64 points.
Reliance group shares recovered in late Monday trade after chairman Mukesh Ambani issued a statement on ownership issues.
The concept of short-term investing is still not prevalent among Indian investors.
Sensex ended flat at 6,035.03, off morning high of 6,081.74 as gains were wiped out after six Reliance Energy board members quit.
Investing needs a disciplined effort and is different for each individual based on his financial position and future objectives, says Dhirendra Kumar.
Merrill Lynch's sees double-digit returns for at least another half decade as a result of improved infrastructure, a consumer boom and offshoring.
Franklin Templeton said it had attracted about $450 m from 150,000 customers in 50 Indian cities and towns for its Flexi-Cap Fund.
Reliance MF launched the open-ended fund to provide long-term capital appreciation by investing in stocks across sectors and industries.
HDFC Mutual Fund has acquired three lakh shares of VIP Industries Ltd.
Mid-caps have emerged as the clear favourite of investors, both institutional as well as retail, if returns in the last two months is any indication.
UTI Mutual Fund has been valued at about Rs. 2,000 crore and a new sponsor is expected to be short-listed by Sept.
Sundaram Mutual Fund is in the process of expanding its distribution network in the West Asia as it foresees huge growth potential in the region.
"We are targeting 30% growth in our total AUM to take it to about Rs. 26,000 crore by the end of this fiscal," DSR Murthy said.