Equity Mutual Funds Alert: 12 Equity Funds Underperform in 9 Months
An equity mutual fund is a type of mutual fund that mainly invests in stocks of publicly traded companies. Equity mutual funds are managed by fund managers, and the objective of this firm is to generate higher returns. In 488 equity mutual funds, there are approx. 12 equity mutual funds that gave negative returns for the last 9 months.
12 Equity Mutual Funds that Underperformed
HSBC Brazil Fund gave a negative return of approx. 20.92% over the last nine months.
Invesco India – Invesco Pan European Equity FoF has delivered a negative return of up to 7.54% during the same time.
DSP World Mining FoF shows a negative return of 4.66% in the past 9 months.
Baroda BNP Paribas Aqua FoF and ICICI Pru Strategic Metal and Energy Equity FoF offered negative returns of 2.82% and 2.61%, respectively, during the same period.
DSP Global Clean Energy FoF, which shows a negative return of 2.23% and
Aditya Birla SL PSU Equity Fund lost the most, approx. 1.84%, in the past 9 months.
Mirae Asset Global Electric and Autonomous Vehicles ETFs FoF, which have underperformed and given a return of 1.71%.
Edelweiss Europe Dynamic Equity Offshore Fund lost 1.60% during the same time.
Quant Quantamental Fund and Quant ELSS Tax Saver Fund gave negative returns of 1.02% and 0.89%, respectively, over the 9 months.
ICICI Pru Commodities Fund shows the least return of approx. 0.23%, respectively, for the last 9 months.
There are 476 schemes that have delivered a positive return in between 0.25% and 50.76% over the past nine months.
On the other hand, Mirae Asset NYSE FANG + ETF FoF delivered the highest return of 50.75% at the same time.
CONCLUSION
Equity mutual funds can be a better option for those investors who have medium- to long-term goals because they can provide attractive long-term returns. An equity mutual fund can be riskier compared to other investments, but the fund can give you the best returns.
