The US-based start-up developed a machine learning system that uses sensors in smartphones.
The majority have stayed away from getting into cash handling.
Of the 280-odd equity schemes that have been in existence for five years or more, 190 funds or about 70 per cent of those funds have outperformed their respective benchmark indices.
Money flowing into the equity schemes of mutual funds is back at a level last seen before the 2008 financial crisis, when the stock market tanked 60 per cent.
ICICI Bank, HDFC Bank, Infosys, SBI and L&T among fund managers' preferred bets.
A number of Xooglers are employing lessons and practices learnt during their stint at Google to branch out into innovative ventures.
Such schemes try to exploit an anomaly in taxation, but aren't in violation of laws, experts say.
Higher growth justifies current run-up, say experts.
Rules applicable from April 1, 2014; investors who have already redeemed will also have to pay tax
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