What has affected the performance of Kothari Pioneer Balanced Fund ?
Actually, KP Balanced Fund has done well. If one looks at the comparable Balanced Fund in the last 6 months, then it has done well. The scheme was launched in November -December last year. Lately, the NAV has dropped below par to Rs 9 because of which people feel that it has not done well. But in terms of relative performance, for a comparable period, it is another best performing fund. A very conservative strategy is followed by the Balanced Fund. We look at 60% and 40% exposure to equity and debt respectively. The allocation of the IT industry is only 25%. The balanced fund is supposed to be a very conservative vehicle and most people have run it very aggressively. But we have not done that. We have set a limit to new economy stocks and a fair amount of exposure to other diversified sectors as well. What is the composition of retail and corporate investors in Kothari Pioneer? Roughly speaking, retail investors account for around 70% of our assets, while 30% will come from institution
