While market volatility continues, there was no drastic fall despite the IMF revising their predicted contraction of India’s FY ‘21 GDP from 4.5% to 10.3% from the June forecast of 4.5%.

The markets are turbulent, largely because of global factors. The uncertainty over the US stimulus, combined with the consistent commentary that the markets are not in sync with the economy, and a second wave of Covid cases, meant that investors are nervous about business growth.

We believe that this is not of importance to consumers because the exact date of allotment of units has very little bearing on your outcomes over the long term. If you are doing a SIP, you don’t really know what the market condition would be on any given day in the future.

There has been a change in the minimum investment required in companies of various market capitalisations, in multi cap funds.

April-June Quarter GDP data indicates we may be in for a rough ride. But was this truly unexpected? More importantly, will this impact how you invest going forward?

Markets have continued to rise this month as well, but ground reality dictates investors should remain cautious and have good risk management in place.

There are some who think the markets are living in an alternate reality, but the rally in July involved multiple companies in the IT and Pharma sectors. FIIs have also made a big comeback last quarter. There’s good reason to believe the India growth story is intact.

If you hold your units for a year, the impact is about 0.005%, or in other words negligible.