55 equity mutual funds have a portfolio turnover ratio of over 100%. Should you be worried?
equity mutual funds had a portfolio turnover ratio of more than 100% for the last three consecutive months. ETMutualFunds looked at the portfolio turnover ratio of around 266 equity mutual funds for three straight months.
A higher portfolio turnover ratio indicates continuous buying and selling of stocks by the fund managers. The continuous churning of the portfolio by the fund manager increases the costs and drags down the return of the scheme.
Bandhan Large Cap Fund had a portfolio ratio of more than 150% in all the three months. Baroda BNP Paribas ELSS Tax Saver Fund, an ELSS fund, had a portfolio turnover ratio of more than 100%.
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Also Read | Every equity MF category fetched at least 20% return in last one year
ITI ELSS Tax Saver Fund and ITI Flexi Cap Fund had portfolio turnover ratio of more than 100% for three continuous months. JM Large Cap Fund and JM Midcap Fund also featured in the list.
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