The Indian markets experienced a sharp decline on Tuesday following the tighter-than-expected Lok Sabha election results, which contradicted exit polls' predictions.
The NSE Nifty 50 witnessed its most significant single-day drop in over four years.
Investors incurred losses exceeding Rs 11 lakh crore in the aftermath of Nifty 50's worst single-day crash in four years.
Mutual fund schemes, spanning broader markets and thematic investment strategies, suffered declines ranging from 4% to 9%.
This notable downturn was reflected in the change in net asset values of individual mutual fund schemes, as reported by the Association for Mutual Funds in India.
The Indian markets experienced a sharp decline on Tuesday following the tighter-than-expected Lok Sabha election results, which contradicted exit polls' predictions.
The NSE Nifty 50 witnessed its most significant single-day drop in over four years. The last instance of such a substantial decline was on March 23, 2020, when the index plummeted by over 13%, triggering the lower price band and briefly halting trading activities on the exchange.
Investors incurred losses exceeding Rs 11 lakh crore in the aftermath of Nifty 50's worst single-day crash in four years.
Mutual fund schemes, spanning broader markets and thematic investment strategies, suffered declines ranging from 4% to 9%. This notable downturn was reflected in the change in net asset values of individual mutual fund schemes, as reported by the Association for Mutual Funds in India.
