The performances of India’s mutual funds are looking right behind the share market boom in India for some times. The statistics say that in the medium and long term return, Indian mutual funds have satisfied their customers better in comparison with the mutual funds’ performance anywhere in the world.
In the category of mutual funds with time period of 10 years, five or three years, Indian mutual funds grabs most of the places among the ten best performing equity-oriented funds in the world.
In the category of a 10-year period, Indian mutual funds have picked up 8 of the top 10 places.
In the category of the last five years funds, Indian mutual funds account for 7 of the top 10 places and as far as the 3-year period funds are concerned Indian funds have captured 6 places out of the top 10 mutual funds in the world.
According to a report published by Lipper, a leading market research agency, the Russian MFs are the only non-Indian funds that finds place in the list of top 10 performers over 10-year or 5-year periods. Some best mutual funds from Korea and Norway has placed among the top 10 funds in the list of top funds in the 3-year category.
On the other hand, in a short-term view, no Indian fund has found its place among the top 10 global performers during November 1, 2005 to October 31, 2006. During this period, the sensex had gone up by 64.2%.
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