I haven't seen such a crash before

It has of late become quite a task for investors to get a grip on the ever-changing dynamics of the market amid the COVID-19 outbreak. To make sense of these rather strange times, we spoke to the veteran leader of the mutual fund industry, A. Balasubramanian, MD & CEO of Aditya Birla Sun Life AMC Limited. During his long career, he has witnessed a number of market crashes. Here he shares his views on the current markets and how the AMC is navigating the crisis both in their equity and debt fund segments. You've seen many market crashes in your long career. Would you rate this as the worst one in your living memory? A market crash of more than 40 per cent in a matter of one month is completely unprecedented. I have never seen this before, not even during the 1999 tech bubble or the 2008 Lehman Brothers crisis. Every time in the past, a market fall was related to some sectors or some countries. This time the fall was not only sharp, but all sectors got sold off. Large-cap companies with good promoters falling like this was never seen. Infact, the last one month's fall is worse than the 2008 period. While things are still unfolding, how deep could the economic impact be? Covid-19 has really shaken the world and has created huge fear in the minds of people and government officials across the globe. The Indian Prime Minister announced a complete national lock down for 21 days in the best interest of the people and the country. This essentially means putting all