This is how mutual funds came to rescue new investors in pandemic-ravaged 2020
PTI
New Delhi: For long mutual funds have been trying to attract investors as tools for contingency savings the year 2020 saw one of the most unexpected events unfold when the COVID-19 pandemic engulfed the entire world.
After wild swings in a pandemic-ravaged year, the stock market finally appears to end with unusually high gains, which coupled with robust inflows in fixed income schemes helped mutual funds add a staggering Rs 3.5 lakh crore to their asset base in 2020.
Experts believe the new year is expected to be even brighter for the industry.