Over the medium to long term, the Budget has a very limited bearing on an investor's returns. For the industry, there is no impact as 99% of mutual fund investors are in equity funds. Sometimes they have high returns, and more money comes in when the high returns have already come in. What are some of the primary risks you see for the Indian market over the next year? The Indian market has risen sharply over the past five years, but over the past year we have seen consolidation.

Source: Mint February 12, 2026 16:00 UTC