Savvy HNIs churn portfolio more often to maximise returns

27-Oct-2015 #Globalwealth Source: Economic Times

More and more high networth investors (HNIs) are monitoring and churning their mutual fund portfolios and do not hesitate to dump non-performing funds after a year, resulting in lower holding period. They are ready to rotate across sectoral or thematic funds depending on the flavour of the market. Also it has been observed that HNIs have steadily increased their equity allocation.

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