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Stay Away from Chinese Whispers

posted on 29 August 2015 by Sunil Jhaveri

We saw one bad news last Monday when equity markets corrected on Chinese & global cues. Industry is just getting back on its feet when another news – now on debt side has surfaced. Without getting into details of the whole situation, suffice it to say that though it is one off kind of a situation; to panic & have knee jerk reaction is not in the best interests of the Mutual Fund Industry. Many rumors, Chinese whispers with added mirch masala will do the rounds for some time to come. As informed Advisors it becomes our duty & responsibility in not adding fuel to fire & escalate the situation.