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Want steady returns? Stick to mutual funds

Mutual funds are better than Portfolio Management Schemes where costs crystallise only at the end of the investment period, says Shashank Khade.Illustration: Dominic Xavier/Rediff.com The number of investors in Portfolio Management Schemes (PMS) has been increasing steadily. According to the the Securities and Exchange Board of India Web site, the number of discretionary PMS investors has gone up from 39,306 in January 2015 to 65,745 in December, 2016 -- an increase of 67 per cent in the ...
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