Fading rally spooks new MF investors

Remain invested, suggest experts

- ANANYA GROVER

WITH THE BENCHMARK indices slipping more than 15% and broader indices over 20% in less than six months, there is a palpable sense of fear among new mutual fund (MF) investors. And, there is good reason for this.

Nearly 60% of the MF plans — 131.3 million MF folios out of the total of 229.1 million, according to data from the Association of Mutual Funds in India (Amfi) — have been opened after April 2021 and these investors have not experienced such a protracted and significant market correction before.