Retail investors should park only a small portion of money in arbitrage funds.
Worst performers among category funds, but beat sectoral indices
Underweight on the sector since January amid concerns over growth prospects; no early reversal seen
The majority have stayed away from getting into cash handling.
'We should become an all-encompassing entertainment and information destination," says chairman Subhash Chandra, who monitors the group on a monthly basis, leaving the day-to-day operations to the chief executive officers.
The progress on US debt ceiling talks, domestic inflation numbers and second quarter earnings of companies are expected to keep investors busy in the truncated trading week ahead.
Interest rates on bank FDs have started coming down and rates on other fixed-income products will also decline. Investors should lock in to instruments offering higher returns.