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News From Press How mutual funds prepared to ride out market volatility

How mutual funds prepared to ride out market volatility

Source: Mint Feb 14, 2018

Indian mutual fund managers say that they were not caught unawares by the sharp volatility in recent days, but had prepared for it by reducing their exposure to small-cap stocks and moving towards blue-chips.

According to data from ValueResearch, 29 out of 52 multi-cap funds increased their large-cap stocks’ exposure between September and December, while 32 funds reduced their small-cap stock exposure during the same period.

 “We have observed fund houses moving to larger sized stocks in the past 3-5 months. For example, we have seen many small-cap funds booking profits in small caps and shifting to mid-cap stocks and mid-cap funds buying nascent large-cap stocks. We also noticed a shift to defensive sectors a quarter ago,” said Vidya Bala, head of mutual fund research at FundsIndia.com, a mutual fund tracking firm.

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