After five years of strong double-digit returns, the past six months have been challenging for equity mutual funds (MFs). Market volatility and a broad decline since late September 2024 have led most equity-oriented schemes to post negative returns over this period. As a result, the net asset value of equity funds has fallen over six months, with declines ranging from less than 1 per cent for top-performing schemes to as much as 25 per cent for those hit hardest by the correction.
On average, equity-oriented schemes have seen a 10 per cent decline, mirroring the drop in the benchmark Nifty

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