These mutual funds lost the most in 2023
Top 10 equity funds in 2023. We thought of identifying the schemes that have lost the most in 2023. We looked at the equity and equity-oriented categories: large cap, mid cap, large & mid cap, multi cap, flexi cap, focused, value/contra, small cap, ELSS, sectoral/thematic, aggressive hybrid, arbitrage, balanced advantage and dynamic asset allocation, equity savings, index and ETF schemes. We considered regular and growth option schemes.
We were in for a pleasant surprise. Most equity schemes offered positive returns in 2023. There were very few schemes that offered negative returns. And the biggest losers (we chose four schemes that lost over 5%) were from the international fund category. See table below for details.
Mirae Asset Hang Seng TECH ETF lost the most of around 11.27% in 2023. The scheme was launched in December 2021. The scheme lost 6.45% in 2021 and 18.77% in 2022.
Best MF to invest
Looking for the best mutual funds to invest? Here are our recommendations.
View Details»
Nippon India ETF Hang Seng BeES lost around 10.65% in 2023 so far. The scheme was launched in March 2010. Since the inception of the scheme, based on yearly returns, the scheme has posted negative returns in 2011, 2015, 2018, 2021, and 2022. The scheme lost 2.60%, 0.16%, 3.55%, 11.57%, and 3.49% in 2011, 2015, 2018, 2021, and 2022 respectively.
These were the only two schemes that lost over 10% in 2023.
Franklin Asian Equity Fund lost around 6.45% in 2023. The scheme was launched in January 2008. Based on yearly returns, the scheme gave negative returns in 2015, 2018, 2021 and 2022. The scheme lost around 4.59%, 13.62%, 5.85%, and 14.47% in 2015, 2018, 2021 and 2022 respectively.
Aditya Birla Sun Life International Equity Fund lost around
