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March 31, 2020

Coronavirus hit mutual fund investors

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Equity-linked mutual fund investors have also suffered a deep setback. It is believed to be due to coronavirus infection. Due to the steep decline in the shares of most companies on Sensex and Nifty, such mutual funds have received negative returns of 25%. Krishna Karwa, senior research analyst at iFAST Financial India, says that 44 companies in the mutual fund industry are not untouched by the decline caused by COVID-19. He said that small and mid-cap equity schemes will remain under pressure in the medium term, given the fluctuations in the market.

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According to the data compiled by Morningstar India, from 19 February 2020 to 18 March 2020, all categories of equity schemes – Equity Linked Saving Scheme (ELSS), Mid-cap, Large and Mid-cap, Large cap, small-cap, mid-cap and multi-cap have given negative returns of 25-26 percent.

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As per the data received, the end of mid-cap funds 26.63%, large-cap 26.58%, ELSS (26.47%), multi-cap (26.45%), small-cap (26.32%) and mid-cap 24.84%. The average decrease in the stock markets in all the funds has been less than the decline. Sensex declined by 30% in the period, falling from 41,000 points to 29,000, amid Coronavirus-related threats, falling international crude oil prices and the Yes Bank crisis.

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