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Equity MFs that cut ‘expensive’ bets fast weathered the downturn

By Kemal Pasha

Going underweight IT, pharma, cement and buying into select auto, consumer and energy names helped this midcap fund during the market turmoil.

Synopsis

Seasoned investors consider protecting downsides in a falling stock market as important as making the most of a bull run. With the Nifty dropping 12.67% from its peak of 18,604.45 on Oct 19, 2021, to 16,247.95 on Feb 24, many actively managed equity mutual fund schemes have fallen as much as 21% in the period.

Seasoned investors consider protecting downsides in a falling stock market as important as making the most of a bull run. With the Nifty dropping 12.67% from its peak of 18,604.45 on Oct 19, 2021, to 16,247.95 on Feb 24, many actively managed equity mutual fund schemes have fallen as much as 21% in the period. In the past nine years, periods of market declines have been short and swift but that need not repeat again, making it imperative for

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Kemal Pasha