Global market fall sweeps up equity mutual funds

The Indian equity market registered a steep fall on August 5 on the back of global sell-off. The broader market indices—the BSE Sensex and Nifty 50—lost about 2.7 percent while the Nifty Midcap 150 and Nifty Smallcap 250 fell by 3.5 percent and 4.2 percent, respectively. The Nifty Microcap 250 declined the most, by 4.5 percent.
A host of factors including weak US job data and low inflation, unwinding of the yen carry trade and geopolitical tensions contributed to the fall in stock markets around the world. Equity mutual funds merely followed suit. All the equity funds categories registered negative returns on August 5. While there is no reason to worry for long-term mutual fund investors, here’s a list of schemes in the major equity categories that saw the sharpest one-day fall on August 5.

Large-cap Funds
Category average return on August 5: -2.7%

Mid-cap Funds
Category average return on August 5: -3.2%

Also see: Mid-caps beat small-caps in the long term. Here are top-performing mid-cap funds

Small-cap Funds
Category average return on August 5: -3.6%

Flexi-cap Funds
Category average return on August 5: -2.9%

Multi-cap Funds
Category average return on August 5: -3%

ELSS
Category average return on August 5: -3%

Also see: How India’s largest equity mutual funds won the race for small investors?

Banking and Financial Services Funds
Category average return on August 5: -2.9%

Pharma & Health Care Funds
Category average return on August 5: -1.4%

Consumption Funds
Category average return on August 5: -2.1%

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