NEW DELHI : Equity-oriented mutual fund schemes generated returns of about 25 per cent during the lockdown period amid a recovery in broader markets and liquidity infusion by the RBI coupled with the government's stimulus measures, experts said.
However, some analysts believe this is nothing more than a bear market rally.Although mutual funds gained from the bounce back from March lows, their long-term returns still look bad, said Vidya Bala, co-founder of PrimeInvestor.in.According to data compiled by Morningstar India, all the equity scheme categories -- equity linked saving scheme (ELSS), mid-cap, large and mid-cap, large-cap, small-cap, mid-cap and multi-cap -- have given returns in the range of 23-25 per cent between March 25 and June.