All money in equity mutual funds are showing loss..shud i pull them out?

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Times change; they dont remember worse forever. Any worthwhile financial analyst would tell you that if you want to invest in equity based mutual funds, you have to have the mindset that you would invest long term. If you stay invested for long term (say 5-7 years), you will definitely benefit. In fact, I would say you should continue investing in trouble times, because you can buy more units with your money. Also when the market rises and you make profit, a good thing to do is to take the money and put it in a debt fund or balanced fund, so that it is not susceptible to volatility.