5 Equity Mutual Fund Categories Face Over 9% Losses in 3 Months
An equity mutual fund is a type of mutual fund that invests in stocks, or equities, of publicly traded companies. Five types of equity mutual funds have lost more than 9% in the past three months. All categories, except for international funds, have delivered negative returns during this time.
Here are these 5 equity mutual fund categories that have faced losses during the last 3 months:
1. PSU Funds
These funds are mutual funds that invest in stocks or debt instruments of public sector undertakings (PSUs). PSU funds have faced the biggest loss of approx. 10.39% in the last three months. The Quant PSU Fund saw the largest loss of approx. 12.22%, followed by the ABSL PSU Equity Fund, which lost 10.50% during the same time.
2. Large and Midcap Funds
Large and midcap mutual funds are equity mutual funds and mainly invest in a mix of large and midsized companies. These funds have lost 9.42% in the last three months, with passive funds being the top losers in the category. Among active funds, the Tata Large & Midcap Fund saw the largest decline, losing approx. 8.42% during the same period.
3. Energy Funds
These funds are investment funds that invest in companies, including those in the energy sector, including oil, gas, and renewable energy. Energy funds have lost approx. 9.18% in the past three months. The SBI Energy Opportunities Fund experienced the highest loss of approx 12.72%. DSP Natural Resources and New Energy Fund lost 9.14% during the same period.
4. MNC Funds
An MNC (Multinational Corporation) fund is a type of mutual fund that invests in companies that are subsidiaries or affiliated with multinational corporations. MNC funds have lost 9.10% in the past three months. The HDFC MNC Fund experienced the biggest loss of approx. 11.94%, followed by the ABSL MNC Fund, which lost 11.41% during the same period.
5. Infrastructure Funds
Infrastructure funds are investment vehicles that focus on investing in companies and assets related to infrastructure, like transportation, utilities, and energy. These funds can be publicly listed on stock exchanges or privately offered to select investors.
Infrastructure funds, on average, lost 9.06% in the last three months. Tata Infrastructure Fund lost the most of approx. 14.34% in the last three-month period, followed by DSP India T.I.G.E.R Fund, which lost 11.38% in the same period. Infrastructure funds have lost 9.06% in the past three months. The Tata Infrastructure Fund experienced the largest loss of approx. 14.34%, followed by the DSP India T.I.G.E.R. Fund, which lost 11.38% during the same period.
Investors always choose a scheme for investment on the basis of their risk appetite, investment horizon, and goals.
