 "Free fall: Volatile week erodes one-year gains for large-cap schemes")
Large-cap schemes that were holding fort among the actively-managed plans have started giving in amid the rise in market volatility.
These schemes have seen most of their one-year returns getting wiped off in the last seven trading sessions. As of September 27, the average returns for these schemes stood at 10.3 per cent. Following last week’s sell-off, the one-year returns have fallen to just about 1.5 per cent, shows the data from Value Research. Experts say selling by foreign institutional investors (FIIs) is hurting large-caps as FIIs investments are largely parked in them.
“Investor sentiment in non-banking financial companies (NBFCs) — several
