| From Indiatimes.com: This may come as a surprise. But Shariah or ethical funds, which are compliant with Islamic investment laws and available from only two insurers — Bajaj Allianz Life Insurance and Tata AIG Life Insurance — are doing much better in terms of returns on investment (RoI) than a host of traditional funds.
Though total assets under management for these funds in the insurance sector is a modest Rs 525 crore, which has been mopped up over the last 3-4 years, returns were as high as 109% compared to the CNX NSE Nifty Index, which registered a 70% growth during the same period..........................................Full Article: Source
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