15 Equity Mutual Funds Decline More Than 15% in Six Months: Market Analysis
The latest six-month equity mutual fund performance review indicates that almost 15 schemes reported losses greater than 15%. Out of 271 equity mutual funds, 266 funds suffered losses, while just five schemes have registered positive returns. The best one reported a 6.67% return.
Quant Mutual Fund was among the worst performers, with several of its schemes suffering significant losses. The worst performer among all was Quant ELSS Tax Saver Fund, dropping 19.08%, followed by Quant Active Fund, which dropped 18.37%. Other prominent underperformers from the same fund house were Quant Value Fund (-17.82%), Quant Flexi Cap Fund (-17.69%), Quant Mid Cap Fund (-17.04%), and Quant Large & Mid Cap Fund (-15.35%). Apart from Quant Mutual Fund, others funds which saw major erosion were Samco Flexi Cap Fund (-17.65%), Motilal Oswal Focused Fund (-17.58%), Samco ELSS Tax Saver Fund (-17.52%), Shriram Flexi Cap Fund (-17.21%), and Shriram ELSS Tax Saver Fund(-16.70%). Other major underperformers included the NJ Flexi Cap Fund (-16.20%), JM Value Fund (-15.61%), ITI Value Fund (-15.59%), and Taurus Mid Cap Fund (-15.43%). A broader market study revealed that 251 equity schemes, for the same period, suffered losses in between 0.15% and 14.89%.
Quant Small Cap Fund declined by 14.89% and Quant Focused Fund declined by 14.75%. Other funds that incurred losses were Kotak Small Cap Fund (-11.33%), HSBC Large & Mid Cap Fund(-9.70%), HSBC Multi Cap Fund (-9.70%), SBI Contra Fund (-8.60%), SBI Long Term Equity Fund (-8.38%), SBI BlueChip Fund (-7.07%), HDFC ELSS Tax Saver Fund (-7.07%), and the lowest loss was recorded by DSP Value Fund at 0.15%. Despite the overall dismal trend, some funds have done well and posted positive returns in the last six months. The Motilal Oswal Multi Cap Fund returned at 6.67%, while the Bandhan Focused Equity Fund was at 1.47%. Parag Parikh Flexi Cap Fund scored 1.14%, while Motilal Oswal Large Cap Fund and Motilal Oswal Small Cap Fund delivered returns of 0.15% and 0.50%, respectively. It looked at all the equity schemes, choosing both the regular and growth options and calculating absolute returns for six months.
Most funds went in the negative, but there are a few that showed the ability to stay away from market volatility. The present document is rather an assessment of a performance rather than an investment suggestion. Investors should consider their respective risk tolerance, investment horizon, and financial objectives before making investment decisions.
