Mumbai: As Jet Airways (India) Ltd moves from flight cancellations to a complete halt, mutual funds stand relatively well-positioned. In a situation where reportedly 138,000 retail investors are exposed to Jet Airways, the minimal mutual fund exposure to the airline and relatively high exposure to its competitors is a heartening sign for retail investors. SpiceJet shares have rallied by 74.57% over the past one month and InterGlobe Aviation has rallied by 17.69%. Jet Airways, on the other hand, has seen a drop of 30.37% over the past month. It owned 3.581% of Jet Airways equity at the end of March 2019, down from 3.627% in March 2018, according to data from Value Research.

Source: Mint April 19, 2019 13:07 UTC