Mutual funds provide relief as mid-, small-cap stocks plunge

As investors scurry for cover amid the plunge in mid and small-cap stocks, mutual fund portfolios are truly providing refuge to the existing bleak scenario. Perched atop 52-week highs even a few days ago, as many as 366 stocks have shed more than 30% from such highs. Another 240 scrips have lost between 20% and 30% from their 52-week highs. Even as there is wealth erosion in these 600 stocks, there is just one mutual fund scheme that has actually lost between 20-30% from its one-year peak, data shows.

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