Mutual fund investors see some relief as markets stage a strong recovery

In one-month period, large-cap schemes down 20 per cent

Mutual fund (MF) investors got some respite on Friday after the markets staged a strong recovery. Over the past month, major equity categories had seen sharp declines of 17-20 per cent as the markets reeled from the coronavirus pandemic.

Large-cap schemes have seen one-month negative retur­n­s of 20 per cent. Mid- and small-cap schemes have seen over 17 per cent hit on net asset values (NAVs) in the same period. The above return scorecard is likely to improve after the markets logged their largest-ever single-day recovery on Friday, after falling as much as 10.8 per cent intraday. The Nifty closed 3.8