All Mutual Funds

The returns in the mid-cap mutual fund schemes have been badly hit in the recent stock market meltdown. However, the impact has not been the same across all the funds in the category. The 1-year return on some funds is close to 12 percent while many others are still down by almost 17 percent.

This means, the choice of the right mid-cap scheme is important rather than investing only in the current performer. Interestingly, the average 10- year return is about 12 percent for the category which shows that one needs to invest in these schemes for the long term.