A finfluencer recently sparked debate, claiming that Indian mutual funds caused retail investors to miss major rallies in gold, silver, cryptocurrencies, and artificial intelligence (AI) stocks over the past year.
The finfluencer said that instead of coming on business news channels and talking about asset allocation, 'Mutual Fund Sahi Hai', and do SIP and buy on the dip, fund managers should be held accountable for the opportunity cost retail investors missed during these rallies.
Responding to this, Radhika Gupta, MD and CEO of Edelweiss Mutual Fund, dismissed the claim as “false”, and said that the mutual fund industry already provides a wide range of options across asset classes and geographies.
Gupta said that the mutual fund industry runs gold and silver funds. Many AMCs have had individual funds for a longer period, and Edelweiss Mutual Fund launched a combo product in 2022. The industry also offers broad-based US funds, US Tech funds, China, ASEAN, and EM funds.
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Gupta added that investors have a wide range of hybrid funds to choose from, including multi-asset allocation funds and FoFs that blend different assets. Mutual funds also offer domestic thematic funds, as well as thematic funds combining domestic and global stocks, such as the Edel Tech Fund.
The CEO also mentioned that mutual funds are a financial food court, and investors choose...
A finfluencer recently sparked debate, claiming that Indian mutual funds caused retail investors to miss major rallies in gold, silver, cryptocurrencies, and artificial intelligence (AI) stocks ov...