As the stock market turned volatile and fell by over 30 per cent after the outbreak of COVID-19 pandemic, the mid-cap funds witnessed a large erosion in the NAVs for most investors. While the economic impact is yet to be seen, the markets have rebounded and so have the values of some mid-cap funds. Over the last 3 months, mid-cap funds have generated between 12 per cent and 30 per cent! However, that does not take the fact away that short-term performance should not be seen while picking funds.
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