Leaders of the last rally are show weakness, says Umeshkumar Mehta of Samco Mutual Fund. Based on the signals, he has raised cash levels in the fund to 15 percent
“We have observed that there are lot of equity MF schemes out there that are largely index hugging. We want to offer investors active fund management, when they are paying us active fund management fee,” said Jimeet Modi, founder of Samco MF.