Infra funds make aggressive come-back – Feedback

After having made losses in 2015, infrastructure funds made a come-back and they returned between 2 per cent and 18% over the last one-year period, ending October 2016. A good show by cement and power stocks boosted the returns of top-performing funds. An expected jump in cement demand on the back of higher spending on infrastructure has buoyed cement stocks.

Similarly, in the power sector, safe bets such as NTPC and Power Grid Corporation of India, which earn assured regulated returns, worked well. L&T Infrastructure Fund, the top performer, returned close to 18% over the past year. A sharp rise in the price of Shree Cement and Grasim Industries, which account for nearly 11% of the fund’s corpus, bumped up returns. A rally in Hindalco Industries too contributed to the fund’s performance as did fresh exposure to Engineers India and AIA Engineering.

http://www.nbmcw.com/news/35427-infrafunds-make-aggressive-come-back.html

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