1. Mid/Small Financials Dominated: 31% 1-year return, 34.5% 3-year CAGR – highest near-term growth.
2. Media & Realty Struggled: Media fell -8.5% (1Y), Realty dropped -6.9% (1Y) amid headwinds.
3. Long-Term Healthcare Winners: Mid/Small Healthcare delivered 20.4% 7Y CAGR, Chemicals 21.4% 10Y CAGR.
4. PSU Banks: Sharp Reversal: Despite 44% 5Y CAGR, plunged -5.6% over the past year.
5. Metals & Autos Corrected: Metals down -5.5% (1Y), Autos -0.4% (1Y) after strong multi-year runs.

• 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.