Mumbai: As Jet Airways (India) Ltd moves from flight cancellations to a complete halt, mutual funds stand relatively well-positioned. Few mutual fund schemes are exposed to Jet Airways while there is substantial exposure to its competitors, InterGlobe Aviation Ltd and SpiceJet Ltd, who may benefit from the collapse.
InterGlobe Aviation runs IndiGo, India’s largest airline by market share.
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.
