Zooming in on Market Cycles
THINK LONG
Long-term performances are what matter. If one had taken investment decisions on the basis of the performance of different asset classes in 2007, one would have been stuck with a large number of infrastructure and power sector funds. The once super performer, Reliance Diversified Power Sector Fund, which returned 138 per cent between January 2007 and January 2008, has been among the worst performers over the last three and five years. This is true of a number of infrastructure, capital goods, power and energy funds as well.
Long-term performances are what matter. If one had taken investment decisions on the basis of the performance of different asset classes in 2007, one would have been stuck with a large number of infrastructure and power sector funds. The once super performer, Reliance Diversified Power Sector Fund, which returned 138 per cent between January 2007 and January 2008, has been among the worst performers over the last three and five years. This is true of a number of infrastructure, capital goods, power and energy funds as well.
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