Wealth destroyers! Nearly 500 equity mutual funds offer negative returns in October
equity mutual funds have offered negative returns in October, data crunching by ETMutualFunds showed. There were around 518 equity mutual funds (including sectoral and thematic funds) in the said time period and around 490 funds posted negative returns. In other words, only 28 funds gave positive returns in October.
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Around 10 equity mutual funds lost more than 10% in the said period. SBI Automotive Opportunities Fund lost the most at around 12.46% in October. Aditya Birla SL Transportation and Logistics Fund and UTI Transportation & Logistics Fund lost 12.27% and 11.73% respectively in the said period.
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View Details» <div data-placement=«Mid Article Thumbnails» data-target_type=«mix» data-mode=«thumbnails-mid» style=«min-height:400px; margin-bottom:12px;» class=«wdt-taboola» id=«taboola-mid-article-thumbnails-115005007»>Quant PSU Fund posted a negative return of around 11.44% in the month of October. Three funds — HDFC Transportation and Logistics Fund, ICICI Pru Transportation and Logistics Fund, and Bandhan Transportation and Logistics Fund — lost 11%, 10.59%, and 10.15% respectively in the mentioned period.
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Quant BFSI Fund offered a negative return of 10.14% in the mentioned period. Mirae Asset Great Consumer Fund and Nippon India Consumption Fund posted negative returns of around 10.09% and 10.05% respectively in the month of October.
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