- Rajesh Gaur, Noida
The fund intends to invest in sectors which would contribute directly to the growth of the economy by allocating the resources in sectors like consumer non-durables, transportation, financial services, power and fertilizers.
Over a three year period the fund has given returns of 113 per cent, better than its comparable peers. Notably, it continues to give consistent returns above its benchmark.
As the fund invests in consumption related sectors and stocks, the increase in the GDP and the recent proposed change in the personal income tax during the Union Budget 2010-11 is likely to boost consumption demand. The fortune of consumption led sectors thus appears satisfactory and the future outlook for the scheme appears to be promising. |