Domestic key indices witnessed a downtrend in the month of May 2011. Weakness in the global markets on concerns over mounting worries from the Euro zone and policy tightening worries in emerging economies lowered appetite for risk among investors. Sensex closed 3 % lower over the month.
Amongst the hybrid funds, balance funds had mixed performance to display, while Monthly Income Plans (MIPs) performed better due to short term paper delivering luring returns in their debt component of their portfolio. In three month
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