FMCG funds rake it in
Over the last three months, they have delivered good returns, second only to banking funds
Defensive bets such as FMCG stocks are known to cap losses well in falling markets. These stocks also tend to be market favourites in rallies. The two FMCG funds — ICICI Pru FMCG and SBI FMCG Fund — which gained 20-24 per cent over the past year when the broader indices too have gained handsomely, bear testimony to this fact.
A big part of the rally has happened in the past three months, in whi...
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