Mid, smallcaps drive equity MFs in Dec. Why invest in mutual funds in current volatile markets?

[Felaket]

Mid, smallcaps drive equity MFs in Dec. Why invest in mutual funds in current volatile markets? 2022 has been a year of price and time consolidation for stock markets; hence, the returns for many mutual funds would be subdued and even negative. .As of December 31, 2022, the asset under management (AUM) stood at ₹39,88,735.37 crore, an increase of 5.7% in the current year 2022.