India’s equity fund managers have done quite a job since the Lehman crisis period. Investors who’d entered at the pre-crisis peak in January of 2008, when the 30-share Sensex touched a high of 21,000, have managed decent returns.
September will mark the eighth year since Lehman Brothers went bankrupt in late 2008. This had led to a global slump in financial markets; the benchmark Sensex lost a little over 60 per cent of its value over 14 months, plunging to levels of 8,000 in March 2009.
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