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The May massacre may give reason to be wary, but there seems to be a lot of action left in them
by Indranil Deb - DNA Money
Recent reports in the media have been somewhat critical of fund managers - pointing out that mutual funds have missed the upside of the recent bull-run that pushed the Sensex to its all-time high. Reportedly, out of the aggregate assets under management of around Rs 1 lakh crore earmarked for equity, funds were sitting on cash to the extent of 15%, or Rs 15,000 crore.
But, why have MFs failed to capitalise on the bull-run? The fund manager could well be the proverbial scapegoat. But, to be fair, the fund manager cannot entirely be faulted for treading this path of caution.
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