US equity funds outperform domestic schemes amid volatile markets

US-oriented equity funds delivered returns of 6.62 per cent in May, while domestic-oriented funds posted weak performance amid volatile markets. 

In the first half of the month, the markets corrected, with rising cases of Covid-19 and the government’s Rs 20-trillion stimulus package failing to meet market expectations. 

Mid-cap funds have delivered returns of 1.14 per cent as broader market indices put on a better showing than the 30-share Sensex in May.

Small-cap funds delivered returns of 0.58 per cent, while large-cap funds gave marginal returns