The sharp and consistent rise in equity markets has been evoking strong reactions from many investors, say financial advisers and distributors. On 9 September, the S&P BSE Sensex ended at 28,797.25, yielding returns of 10.26% so far this year.
Nine out of the 12 sectoral indices have yielded positive results so far this calendar year.
The recent performance of equity mutual funds also inspires confidence.
While large-cap funds have risen about 15% in the last 1 year, mid- and small-cap funds have gone up by almost 20% on an average. In the past 3 years, mid- and small-cap funds have returned an average of nearly 40%.
