News From Press Mutual fund NAVs of most thematic, sectoral NFOs below issue prices: What should investors do now?

Mutual fund NAVs of most thematic, sectoral NFOs below issue prices: What should investors do now?

Source: ET 2 hours ago

The investors who had poured money in fund launches, especially in sectoral and thematic equity schemes that were hot at the time, are facing losses in the wake of the recent sell-off in the stock market. The net asset values (NAVs) of several funds launched recently have shed as much as 21% from their offer price of Rs.10 per unit.

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