2024 Insights: 34 Equity Mutual Funds See Negative Returns in This Year
Equity mutual funds, also known as growth funds, are a type of mutual fund scheme that mainly invests in company shares or stocks. Now that the year has come to an end, active investors always look for schemes that have increased their financial well-being or offer high returns.
34 equity mutual funds decreased the investor’s SIP investment in 2024 among the 425 equity mutual funds that were available. In simpler words, among the total 425 equity mutual funds, approx. 34 funds have given SIP investors negative returns by the close of this year.
There were 3 equity mutual funds that gave double-digital negative returns on SIP investments starting on 1st January 2024. The Quant PSU Fund gave a negative XIRR of 20.28% on these SIP investments. If an investor started a SIP investment of Rs.10,000 in this situation, the value of this investment would be Rs.90,763.
Quant ELSS Tax Saver Fund has given a negative XIRR of 11.88% in the same period. The returns of Aditya Birla SL PSU Equity Fund were reduced by 11.13% in the mentioned period.
The other seven funds were from Quant Mutual Fund. The returns delivered by the Quant Consumption Fund, Quant Quantamental Fund, and Quant Flexi Cap Fund are reduced by 9.66%, 9.61%, and 8.36%, respectively, at the end of 2024.
Quant BFSI Fund, Quant Active Fund, Quant Focused Fund, and Quant Mid Cap Fund have seen XIRRs of 7.72%, 7.43%, 6.39%, and 5.34%, respectively, during the same period.
Quant Large and Mid Cap Fund saw a loss of 4.54% on SIP investments. The returns of the UTI Transportation and Logistics Fund were reduced by 4.05% at the same time. Quant Large Cap Fund and Quant Momentum Fund lost 3.74% and 3.35%, respectively, on SIP investments in 2024.
SBI Equity Minimum Variance Fund delivered a negative return of 3.06% on SIP investments at the same time. HDFC MNC Fund lost 1.51% in 2024, followed by Taurus Mid Cap Fund, which lost 1.45% on SIP investments in the same period.
ICICI Pru PSU Equity Fund has lost 0.86% and SBI PSU Fund has lost 0.67%, respectively, on SIP investments in 2024
Quant Business Cycle Fund has given an XIRR of 0.66% on SIP investments made in this year, followed by Baroda BNP Paribas Value Fund, which has lost 0.62% during the same period.
Tata Infrastructure Fund and Invesco India PSU Equity Fund saw negative returns of approx. 0.05% and 0.04%, respectively, on SIP investments in this year.
This SIP performance was calculated from January 1, 2024, to December 24, 2024.
