Mutual fund returns 2026: Pharma, small-cap funds outperform as last year's winners stumble

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A sharp reversal has reshaped the mutual fund leaderboard in 2026, with many of last year's best-performing categories slipping. Here's what the latest data shows and why experts say investors should avoid chasing past returns.

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Mutual fund returns 2026: Pharma, small-cap funds outperform as last year's winners stumble

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