From Livemint
Center-Right Owned by HT Media Ltd.How return comparisons can mislead investors: Focused mutual funds hold just 30 stocks but benchmark against Nifty 500
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Focused mutual funds hold up to 30 stocks but typically benchmark against the Nifty 500 TRI or BSE 500 TRI. Experts explain why this comparison can mislead investors, whether style-based benchmarks are needed, and how to assess returns, downside risk and stock selection.