Relief for investors as mutual funds chose SpiceJet, IndiGo over Jet Airways
Five actively managed mutual funds held shares in Jet Airways as of March 2019, as compared to 89 in IndiGo and 24 in SpiceJet
SpiceJet shares have gained 74.57% over the last month and IndiGo 17.69% in the same period, even as Jet Airways shares fell 30.37%
Mumbai: As Jet Airways (India) Ltd moves from flight cancellations to a complete halt, mutual funds stand relatively well-positioned. Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd, who may benefit from the collapse.