? Cool Title, but what’s the news?
Despite a sharp slide in the leading indices, several investors are not rushing to redeem their investments from equity mutual funds.
? Okay, but what does it mean?
This is a clear departure from earlier habits when retail investors hurried to redeem when markets showed a sharp southward movement. In fact, some are considering investing more since prices of a large number of good quality stocks are down, fund managers and financial planners said.
? Why should I care?
MF distributors, financial planners and advisers said that investors who are in for a long haul are not rushing to exit in October even though the Sensex has lost 1,850 points or 5% in four sessions.
Investors should also continue to invest in debt funds as long as their investment horizon is 3-5 years.
Source: Economic Times