Politics
Weakened Congress wondering if early elections will help
The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term. Full Article
REUTERS SHOWCASE
Buy, Sell or Hold?
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Reuters India Mobile
Get the latest news on the go. Visit Reuters India on your mobile device. Full Coverage
Banking funds shine in strong 2012 for equities
Track Markets: BSE Sectoral Indices
Track and analyse performance of all BSE sectoral indices and other global indices on a single page. Full Coverage
A labourer works on the sign of a bank building in Ahmedabad November 26, 2010.
Credit: Reuters/Amit Dave/Files
NEW DELHI |
NEW DELHI (Reuters) - Funds focused on banks were the top performers in India in 2012, according to data from fund tracker Lipper, a Thomson Reuters company, after the banking sub-index surged nearly 57 percent last year.
Indian shares ended 2012 with their best gain in three years as strong foreign inflows and the government's fiscal and economic reforms outweighed worries about the domestic economy.
ICICI Prudential Banking & Finance Services Fund was the best performing fund in 2012, registering gains of 72.2 percent, followed by Reliance Banking Fund which clocked a rise of 60.5 percent.
(Reporting by Aditya Kalra; Editing by Subhranshu Sahu)
- Tweet this
- Link this
- Share this
- Digg this
- Reprints
Follow Reuters