For instance, in FY22, the mutual funds’ proportion of votes against resolutions put forth by the companies was 4.85%, the highest in over a decade, according to data compiled by primemfdatabase.com. In the period between April and June of 2022, their proportion of voting against was 5.87%. In FY21, 2.97% of votes were against compared to 3.83% in FY20.
Nilesh Shah on why you should never predict the market
Nilesh Shah of Kotak AMC has advised people not to try to predict the market, stating that more often than not, they will be wrong.