Most large-cap mutual fund schemes in red; Nifty small-cap index falls 14%

With fortunes of mid- and small-cap stocks turning from the year's beginning, two-thirds of big schemes have taken a knock in 2018

The start of 2018 hasn’t been so good for mutual fund (MF) investors. With returns of two-thirds of large-cap MF schemes in the red, it seems that the fabulous run investors had could be coming to an end. Of the 204 large-cap schemes, including direct plans and exchange-traded funds, returns of 138 are in the negative, according to Value Research. The category average returns of the large-cap funds is -2 per cent. In comparison, the BSE Sensitive Index, or Sensex, for the same period, is up 1.7 per cent. The Nifty 50 is marginally up at 0.1 per cent. Large-cap