Mutual fund schemes investing overseas have turned out to be the biggest wealth destructor leading to an erosion of 21-40 per cent of investors’ wealth from their peak and 24-38 per cent in last one year.
With easy money fast disappearing, global markets are crashing on concerns over economic growth, leaving investors in the lurch. Brave-heart investors, who want to average out their investments by buying more into these funds at a lower valuation, could not even attempt it as the Association of Mutual Funds in India has capped individual mutual funds investment limit at February level.
