16.05.2016 - Global commodity, energy funds drained
The commodity rout over the past two years has taken a toll on India-based global commodity and energy funds. The Birla Sun Life Global Commodities Fund is down about 13 per cent over the past year, while the DSP BlackRock World Energy Fund has slipped nearly 17 per cent. The annualised return since inception of these funds in 2008/2009 is less than 2 per cent. Until recently, there was another fund in the category — Mirae Asset Global Commodity Stock Fund. But this has been merged with the Mirae Asset India-China Consumption Fund with effect from March 2016 — a result, perhaps, of the pain in global commodities...............................................Full Article: Source
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