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Free fall: Volatile week erodes one-year gains for large-cap schemes

Also, fund managers missed out on the turnaround the IT stocks have seen in the last one year

Free fall: Volatile week erodes one-year gains for large-cap schemes
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Jash Kriplani Mumbai
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

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