The average fall in 15 most-invested stocks by equity MFs was 5.7 per cent. Chandan Kishore Kant reports

Underweight on the sector since January amid concerns over growth prospects; no early reversal seen

Most equity schemes have more than doubled their NAVs in 8 years, even if they entered at the pre-Lehman crisis peak

Worst performers among category funds, but beat sectoral indices

Corrective measures are already being taken by fund managers - overall allocation to the IT firm has been pruned by 120 basis points, from 4.43 per cent in March to 3.24 per cent in July

Fatca aims to track all US residents with non-US accounts and US citizens, too.

To be fair, one year is too short a period to judge the schemes' performance.

In 2015, foreign investors slowed net buying of Indian equities.

Post the correction over the past one year, we are seeing opportunities across sectors.

India has been a core portfolio holding for emerging market funds.

IT sector replaces auto sector after a 6-month gap.

Gold funds have returned -5.2 per cent, while the Sensex is down 7 per cent in the past year.

Fund managers say the recent fall is not going to sustain.

The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points.

Indian retail investors continue to sell gold ETFs.

'Focus on companies with healthy balance sheets and return ratios.'

It can if your debit card belongs to a PSU bank

The mutual fund industry also witnessed record sales.

Gold exchange-traded funds (ETFs) have further lost favour among Indian investors.

Most large fund houses, such as HDFC MF, ICICI Prudential AMC, Reliance MF, Reliance MF, Birla SunLife MF and SBI MF, have the backing of large banks or financial institutions, giving them reach and understanding, they say.