Funds beat indices in returnsPriya Nadkarni / Mumbai December 22, 2007Technology, auto, FMCG and pharmaceutical stocks may be the most battered sectors of the Indian stock market this year.But select mutual fund schemes were able to notch up good returns despite being in these sectors by tweaking the investment mandate and smart stock-picking within the mid- and small-cap segments.The Sensex gave nearly 38 per cent returns this year, even as IT, auto and pharma indices gave poor returns in 2007 on the rupee appreciation, fears of a US recession and high interest rates in India.Benchmarked against the BSE Teck Index, DSPML
