Exchange-traded funds (ETF) performed better than the large cap equity funds in the last one year. According to data by online investment advisory firm, Valueresearchonline.com, as on January 23, 2018, ETFs clocked negative returns of -1.61% whereas large cap equity funds gave negative returns of -4.23%. The index, Nifty 50, returned around -2.28%.
“The negative returns are due to global uncertainties, the Us-china trade war has affected our domestic market. Apart from global reasons, domestically the Central government’s weak situation in Uttar Pradesh and election uncertainties has also contributed to the market situation," said Melvin Joseph, founder of Mumbai-based Finvin Financial Planners.