Equity Mutual Funds Gave Negative Return upto 12% in October 2024
In the month of October this year, every Equity Mutual Funds category gave negative returns, according to data collected from ET Mutual Funds. This month, categories negatively affected investors by 12.46%. In this time period, there were a total of 22 equity mutual funds in the market such as SBI Automotive Opportunities Fund, Consumption Funds, PSU Funds, Energy & Power Funds, MNC Funds, Thematic Funds, Large Cap Funds, Infrastructure Funds and others.
Among these, SBI Automotive Opportunities Fund was the most negatively affected mutual fund in October 2024, with a return rate of -12.46%. In this list, Consumption Funds come in the second position, giving a negative return of 8.22% during the same time period.
PSU Funds come in the third position, offering a negative return rate of 7.32%, followed by Energy & Power Funds, and MNC Funds offered negative return rates of 7.30% and 6.62%, respectively, in the same time period.
Similarly, large-cap funds gave a negative return rate of 6.08%, and Infrastructure Funds, on the other hand, offered approximately the same negative return of 5.90% in the stated time period.
The Mid Cap Funds, Focused Funds, and Contra Funds offered negative returns of 5.88%, 5.81%, and 5.75%, respectively, in the month of October. As per the reports, this month, Quant Mid Cap Fund is the mid-cap fund that has lost the most as compared to all 29 mid-cap funds and offered the negative return rate of 7.80%, and WOC Mid Cap Fund is the category that offered the least negative return of 3.56% in October.
In October 2024, Large & Mid Cap Funds, Flexi Cap Funds and ELSS Funds provided a negative return of 5.75%, 5.56%, and 5.44% respectively. In the same line, Multi Cap Funds and Value Funds gave negative returns of 5.40% and 5.38% respectively.
In the same time period of October, Technology Funds gave a negative return of 4.67% and Service Industry Funds of 4.57%.
In October, the small-cap funds provided a negative return of about 3.73%. Throughout the time period in doubt, there were twenty-eight small-cap funds. Mahindra Manulife Small Cap Fund lost 5.04% during the same time period, while Baroda BNP Paribas Small Cap Fund lost the most, by almost 5.82%. In October, the Tata Small Cap Fund experienced its lowest loss of 1.26%.
In the same period of time, banks & financial services funds suffered a 3.43% decrease. The Quant BFSI Fund experienced the most loss of approximately 10.14% in October out of the 21 funds in the category. At about 0.91%, the Helios Financial Services Fund had the lowest negative return.
| List of Mutual Fund Categories Offering Negative Returns Upto 12% in October 2024: |
| Auto Funds−12.46% |
| Consumption Funds−8.22% |
| PSU Funds−7.32% |
| Energy & Power Funds−7.30% |
| MNC Funds−6.62% |
| Thematic Funds−6.33% |
| Large Cap Funds−6.08% |
| Infrastructure Funds−5.90% |
| Mid Cap Funds−5.88% |
| Focused Funds−5.81% |
| Contra Funds−5.75% |
| Large & Mid Cap Funds−5.75% |
| Flexi Cap Funds−5.56% |
| ELSS Funds−5.44% |
| Multi Cap Funds−5.40% |
| Value Funds−5.38% |
| Technology Funds−4.67% |
| Service Industry Funds−4.57% |
| Small Cap Funds−3.73% |
| Banks & Financial Services Funds−3.43% |
| International Funds−1.60% |
| Pharma & Health Care Funds−0.90% |
We have International Funds and Pharma & Health Care Funds with negative offering return rates of 1.60% and 0.90%, respectively, in the month of October. With this International Funds come in the second last position of the list and Pharma & Health Care Funds in the last position with the least loss. Below we have mentioned the names of 22 Equity Mutual Fund categories that offered heavy negative returns in October 2024. We have compared the return rates viewing the performance of funds during the time period from October 1 to October 31, 2024.
