Banking funds shine in strong 2012 for equities
Jan 02 2013 , New Delhi
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 per cent, followed by Reliance Banking Fund which clocked a rise of 60.5 per cent.
The following table shows Indian mutual fund returns for the month of December and their cumulative performance.