PSU funds have also performed poorly as have small cap funds. The infrastructure sector saw its category average return at a negative13.8%, with all the 23 schemes reporting negative returns. Over the past year, the Small Cap index has fallen by more than 31% while the Nifty Mid Cap index has lost 16%.
Again, only two equity schemes of a universe of 35 mid-cap and small-cap equity schemes have given positive returns over the last one year. The returns are as on October 15, 2018.
The average monthly inflows into equity schemes in H1FY19 fell to Rs 10,080 crore from Rs 14,200 crore in 2017-18, data from Association of Mutual Funds showed.
