A Bolt from the Blue

Its old news but the only one anyone has to report about the Indian stock markets. The markets are plunging, mutual funds are suffering, equity categories making it a habit of being in red and so on and so forth. But wait, there is some good news and it comes from the equity tax-planning category. Taurus Libra Taxshield is the fund in question - it has actually produced positive returns to the tune of 21 per cent (as on 24 July, 2008) in the past one year. And that too at a time when its category shed 11 per cent and the category's worst performing fund, ABN