'Black Monday' wipes off equity MFs' gains this year

August 26, 2015 11:35

Mutual fund managers would want to forget about Monday in a hurry -- in a matter of hours, their efforts to ensure positive returns for investors this year went into thin air.

The BSE Sensex lost about 1,600 points, while the National Stock Exchange Nifty was down about 400 points. The net asset value of equity schemes across categories witnessed an average fall of 6.4 per cent, bringing the valuation back to levels at the beginning of the year. In a single trading session on Monday, a steep fall of about six per cent in stock markets wiped out almost all the gains of equity schemes.

Read more

« Back to LIVE

TOP STORIES

Strikes And Lockouts Decline By 90%

Industrial disputes dropped 89.3 per cent to 34 in 2022 compared to 318 a decade ago, shows central and state data.

'We are not worried what Modiji says about Muslims'

While political experts claim that the Modi Magic is missing in the 2024 general election, the common people in the street -- at least those in the crowd on Thursday -- vow that they will vote for Modi and the candidate who contests the...

Dharavi, Racecourse Deals Reverberate In Mumbai Polls

Despite Dharavi being located in the Mumbai North Central constituency and Mahalaxmi Racecourse in South Mumbai, the issues have caught the attention of all parties and their candidates.

Maliwal case: Delhi Police may visit CM's house today

Delhi Police may visit the Chief Minister's house on Friday to investigate and record the statements of the policemen and staff present there at the time of the alleged assault on Aam Aadmi Party (AAP) MP Swati Maliwal, sources have said.

How Many Crorepatis In Fifth Phase?

Accoding to data collected by the Association for Democratic Reforms, of the 695 candidates in the fray, 227 are crorepatis.