26 equity mutual funds gave negative returns in September, shed up to 2%
equity mutual funds (MFs) delivered negative returns in September. During this period, there were approximately 625 equity and equity-oriented schemes.
The HDFC Defence Fund saw the largest loss of around 2.29% during the month. The Bank of India Mid & Small Cap Equity & Debt Fund gave a negative return of around 1.56%. Meanwhile, the Samco Active Momentum Fund lost around 1.30% in September. The Quant Tech Fund and NJ Flexi Cap Fund provided negative returns of approximately 1.20% and 1.19%, respectively.
Best MF to invest
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The LIC MF Infrastructure Fund and ICICI Prudential Strategic Metal and Energy Equity FoF both posted negative returns of around 0.87% during the same period.
Also Read | 75% small cap MFs outperform their benchmarks in September
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