 "Mutual funds (MFs) managed a record Rs 66.2 trillion in assets during the July-September quarter, marking a 12.3 per cent increase over the previous three-month period — the highest quarterly jump in MF assets in at least five years.")
“Diversification is the only free lunch in investing,” said Nobel Prize winning economist Harry Markowitz.
Gary P. Brinson, L. Randolph Hood, and Gilbert L. Beebower, in their 1986 paper 'Determinants of Portfolio Performance', said: “Asset allocation explains more than 90 per cent of the variability in a portfolio’s total return over time.” Asset allocation assumes special significance at a time when equity investors in India are facing a market that is in correction mode.
Diversify to reduce volatility
Just as variety strengthens an ecosystem, diversity in investing strengthens your portfolio. Investing all your money in one instrument or asset class
