My mutual funds are giving negative returns. What should I do?

Mousam Chakrabarti, a mid-level central government employee, likes to make small but regular savings and his major investments have been in mutual funds. He was looking forward to good returns from his investment when the downturn hit home. Read on» » » »

All you wanted to know about meltdown

A doctor friend recently told me something interesting. The doctors’ lounge in the Mumbai hospital where he works has a television that was usually tuned to one of the business news channels during the bull market that took Indian shares to record heights by January 2008.

Cardiologists and urinary tract specialists spent time between operations listening to the latest recommendations from analysts and exchanging stories of profitable trades. That TV is now on mute.

These doctors now scan the tickers that silently flow across the screen, carrying grim news of portfolio losses. They are not alone. Across the country, investor wealth has reduced by Rs 37 trillion because of the sharp fall in share prices from their January peak, despite the splendid recovery on Monday. Read on» » » »