• Economic Recovery: India’s forex reserves have grown from less than $2 billion during the 1991 crisis to over $600 billion in 2023, showcasing a remarkable transformation.
• Import Coverage: Reserves now comfortably cover 6–7 months of imports, reflecting India’s ability to manage trade dependencies despite rising import bills.
• Global Standing: India ranks among the top nations in forex reserves, trailing major economies like China and Japan, but surpassing several developed economies.
• Resilience Amid Crises: The reserves have provided a buffer during global events like the 2008 financial crisis and the COVID-19 pandemic.
• Policy Focus: Continued diversification of reserves and reduced import dependency remain critical for sustaining stability and economic growth.

Large-cap mutual funds, known for stability and long-term growth, have faced recent challenges, with returns dipping between -7.6% and -11.45%. This trend reflects broader market pressures, even affecting top-performing funds. Understanding these movements can guide investors in identifying resilient options and leveraging potential recovery opportunities in a dynamic market environment.

1. Nippon India Large Cap Fund has given the best return in the category over the past 3, 5, and 10 years.
2. Nippon India Small Cap fund has the highest return for the small-cap category for a 3 and 10-year period.