Stock markets have not performed well in the past one year. The Sensex and Nifty have remained flat, while broader market indices have declined. But despite the fall in stock prices, some mutual funds have managed to stay ahead. Parag Parikh Flexicap Fund, the largest equity fund in India with an AUM of Rs 1,19,723 crore, has delivered 6.62% returns in the past one year. SBI Focused Fund (7.15%), Kotak Pioneer Fund (6.40%) and DSP Value Fund (5.29%) are some other funds that bucked the trend and gave positive returns (see table). The divergence is even more pronounced in the tech sector. The sector has been the worst performer in the past one year, with the BSE IT index falling 18.7%. The average tech fund has fallen 10.1%. But during this period, SBI Technology Opportunities Fund went
Investing mantra: Why your portfolio needs global diversification

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