Is it the right time to invest in a mutual fund like the Reliance infrastructure fund NFO?
Following the result of the 2009 general elections the stock market has gone up substantially in India. Over the last three months the Sensex has jumped by 80%. Despite this rally there are many opportunities that remain in the stock market. Billions of dollars have been poured into the Indian markets by foreign institutional investors over the last few weeks. Not surprisingly the dollar has dipped to around 47 rupees after hitting a high of 52+ earlier this year. Indications are that there is a lot of money waiting to be invested in Indian stocks. The recent run-up is very difficult for many hedge funds, foreign investors and mutual funds to buy stocks at reasonable price. Many mutual funds like Morgan Stanley and investment stalwarts like Mark Mobius have talked of very high targets for the Sensex over the next year or two. The targets spoken about by significantly from 19,500 to as high as 25,000. In this scenario mutual fund houses like reliance mutual fund are better equipped as c
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