- Business Today
Wealth creators: These large and mid-cap equity mutual funds delivered maximum return in the last on
Investment through mutual funds is considered a better option for new investors as compared to direct equity exposure. Mutual funds provide advantages such as portfolio diversification, fund management through experienced professionals, and scalability which helps in reducing the investment risk to some level.
The equity market stood highly volatile in the past year due to rising interest rates and the geopolitical tension between Russia and Ukraine. The benchmark equity index BSE Sensex stood almost flat (up 0.6 per cent) in the last year till April 10, 2023. Meanwhile, India’s bluest of the blue chip companies such as Reliance Industries declined 11 per cent, Tata Consultancy Services lost 15 per cent and Infosys also plunged 22 per cent during the same period.