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

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

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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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ET Bureau

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