Stay Tuned With MFs During A Stormy Ride

On May 12, 2014, Sensex closed at an all-time high of 23,551 - an intra-day rise of 2.42 per cent on expectations of a strong and stable government at the Centre. Five years later, in June 2019, the benchmark 30 share index peaked at 40,312, with a steep jump of 16,761 points. Between May 2014 and June 2019, Sensex saw a whopping 70 per cent rise. Have the effects of market volatility percolated to the mutual fund industry? How have they benefitted the investors? Market experts say there are two kinds of mutual fund investors. Experienced investors with over last 15-20 years have had a positive experience. However, new investors with a few years in the trade would not have experienced good returns due to disparity in returns across  market capitalisation. Was the market volatility in favour of investors? According to Nilesh Shah, MD, Kotak Mahindra Asset Management Company, this is...