I’ve been keeping track of the Bombay Stock Exchange (BSE) Sensex levels since the past 2 years or so , and have found it not only amusing, but also baffling, to see how the Sensex keeps fluctuating from day to day without rhyme or reason. With Covid-19 cases on the upsurge in the country, one would have expected to see the Sensex crash to levels it had tanked to during the first wave of Covid, last year. Instead what we have witnessed over the past few months is an unprecedented and record-breaking Sensex rise, to levels of 50,000 and more. Investors in mutual funds in particular have paid a heavy price due to last year’s Sensex crash, as mutual fund houses were quick to lower their NAVs , interest dividends and even stopped paying monthly dividends for a few months. Even today, the NAVs are not in accordance with the daily Sensex figures. Nevertheless, It is a lesson for all investors to be more wary of these mutual funds in future.
