During a bull market, either lured by greed or lulled into complacency, many investors end up making costly mistakes. Mutual fund investors are no exception. Over the past few years, investors have taken favourably to mutual funds, particularly, equity-oriented schemes. Helped by a roaring stock market and nudged by demonetisation, the assets under management of the mutual fund industry grew 30%—from Rs 16.46 lakh crore in December 2016 to a record Rs 21.37 lakh crore in December 2017. Investors ..