Explore Business Standard
Investing in gold and silver is a must if you wish to reap the diversification benefit. Recently, Edelweiss Mutual Fund launched the new fund offer for a fund-of-fund that invests in gold and silver ETFs. On this occasion, speaking to Sanjay Kumar Singh, Radhika Gupta, Chief Executive Officer, Edelweiss Mutual Fund compared gold to large-cap equity funds for the stable returns that it tends to provide, and silver to midcap mutual funds for the return kicker it is capable of providing during a bull market in commodities. Do watch this interview to learn more about the benefits of investing in precious metals.
Edelweiss Asset Management on Monday said it will disclose the performance of its equity mutual fund (MF) schemes against the 'total return index' of their respective benchmarks.Total return index factors in dividend income. Currently, most funds are benchmarked to price return index, which just capture the price performance of underlying stocks. According to Edelweiss, the total return index is a more accurate measure of performance and a better measure of capturing true alpha-the excess returns.Last month, another asset manager DSP BlackRock announced that it would disclose the performance of its equity MF schemes with the total return index (TRI) as the benchmark. The move by these to fund houses, may force other players also to follow suit. "Going forward, all equity schemes of Edelweiss Mutual Fund will be benchmarked to the Total Return Index rather than Price Return Index. We think this practice will provide an accurate picture of the performance of our funds relative to their .