'Keep Emergency Fund, Keep Calm & Carry On': Edelweiss Mutual Funds' Radhika Gupta On Stock Market Crash

In the wake of Monday's stock market crash, which wiped out Rs 16.19 lakh crore in mere hours, Edelweiss Mutual Funds MD and CEO Radhika Gupta stressed the importance of maintaining an emergency fund and staying composed in a times like these.

Posting on social media platform X, Gupta echoed advice she had shared five years ago during the COVID pandemic when markets faced similar chaos. "This day. 5 years ago. When everything was red and the world looked like it would end. Keep cash (emergency fund), keep calm, and carry on," she wrote, linking to a Mint article where she highlighted that resilience during a crash hinges on staying calm.

Gupta told the publication that instead of attempting to predict market movements, investors should focus on mastering the fundamentals of investing and maintaining liquidity. She revealed that she had invested a significant portion of her own money in Edelweiss schemes, especially the Edelweiss Balanced Advantage Fund.

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2020 Market Crash

When asked if the 2020 market crash had impacted her financial goals, Gupta responded to Mint, "I don't believe in leverage and don't take it. My investment portfolio is totally liquid, and I am fairly relaxed."

She added, "Asset allocation has worked really well for me in the long term -- it was a big learning from the 2008 financial crisis."

On Monday, the Sensex plunged over 2,500 points, and the Nifty hit a 10-month low as the stock market tumbled amid fears of a trade war sparked by US President Donald Trump’s aggressive tariffs. The ripple effects were felt across Asia and Europe, with markets collapsing after China retaliated with its own steep tariffs. This crash brought back memories of the turmoil following the COVID pandemic and the global financial crisis. However, on Monday, the market started in the green zone, with the Sensex jumping over close to 1600 points.

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