Covid-19 impact? Equity MF schemes give 25% negative returns to investors

Notably, all the funds fell less than their respective benchmark indices during the bear market

Equity-oriented mutual fund schemes delivered a negative return of about 25 per cent to investors over the last one month as the broader market witnessed significant downtrend amid coronavirus-triggered recession fears.

The 44-player mutual fund industry is not immune to the economic blowback of Covid-19, and going ahead, small and mid-cap equity schemes will continue to remain under pressure in the short to medium term on account of volatility in the markets, said Krishna Karwa, Senior Research Analyst, at iFAST Financial India.

According to data compiled by Morningstar India, all the equity scheme categories -- equity linked saving scheme (ELSS), mid-cap, large