Smallcap SIP investors lost money in all 29 schemes since Nifty peak
smallcap SIP investors have lost money in all 29 schemes since the Nifty peak in September and delivered a negative XIRR of up to 46% on the investments an analysis of the performance of the category showed.
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Around four funds offered negative XIRR of over 40% on SIP investments made on the first day of October last year. Mahindra Manulife Small Cap Fund lost the most of around 45.52% on SIP investments made in the said period. A monthly SIP of Rs 1,000 in the fund would have been Rs 4,473 now.
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Aditya Birla SL Small Cap Fund and Tata Small Cap Fund gave a negative XIRR of 42.31% and 41.82% respectively on the SIP investments. TRUSTMF Small Cap Fund delivered a negative XIRR of around 40.05% with the current value of investment at Rs 2,846.
Nippon India Small Cap Fund, the largest small cap fund based on the assets managed, delivered a negative XIRR of 38.88% since Nifty peak, followed by HSBC Small Cap Fund which lost 38.69% in the similar period.
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