A mutual fund rides the same curve as direct equity does

For many who thought mutual funds are less risky than direct stocks, the recent performance of several fund houses has come as a shocker. In some cases, the fall in NAV (net asset values) has been as much as 40-50 per cent – much worse than the indices. Take a long-term view As we have been repeatedly saying in these columns, investments in mutual funds or direct stocks need to be done with a long-term view. The... [read full story]