Just like in 2015, equity mutual funds bore the brunt of volatile markets in 2016 as well. With the S&P BSE Sensex ending 1.2% lower than at the start of the year (as on 26 December), diversified equity funds fell by 2% on an average and mid- and small- cap funds fell by about 3% on an average. But despite the volatility, retail investors embraced mutual funds in what seemed like an act of maturity. Here’s what left a mark on the mutual funds street in 2016.
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