3 min read.Updated: 13 Jul 2021, 02:00 AM ISTRajat Chandak
In a flexicap fund, the fund manager plans portfolio allocation across sectors
Notwithstanding the fierce second wave of covid-19, Indian equity markets have continued their rally upward. Benchmark indices such as the BSE Sensex and Nifty have doubled since the nationwide lockdown imposed at the end of March 2020. Stock markets globally, too, have been on a strong footing, trading at high valuations, supported by liquidity unleashed by global central banks. Besides liquidity support, the fact that the cost of capital is close to zero in most parts of the world has played a big role in ensuring that equity markets remain resilient.