White-hot momentum funds face reality check after market turns red

A day is a long time in the equity market; a month is like an era. Momentum funds are finding this the hard way. On a moonride and in white-hot demand until the last week of September, momentum funds crash-landed in October as the broader equity market turned red. The Nifty 200 TRI has fallen 9.9 per cent since September 26, while momentum-based indices have tanked up to 12.1 per cent. Momentum indices have fallen harder This is in comparison to the Nifty 200 TRI Index Returns (%) Nifty 200 TRI -9.9