Red tide in equity funds: Only a few stay afloat

Equity mutual fund returns have come under broad pressure over the past year, with values of most categories eroding, according to Accord Fintech data compiled by ETIG. Large-Cap, Flexi-Cap and Focused Funds have been among the most strained, with category averages slipping roughly between 3.5% and 4.3%. Small-Cap funds have also struggled, despite a few standout performers, while Mid-Cap funds held up comparatively well.