Time to Invest or Wait: 12 Equity Mutual Funds Slump 30% From 52-Week High NAVs
As economic shifts and market volatility create a surge in the financial world, some mutual funds are seeing significant declines. Recently, twelve equity mutual funds have dropped over 30% from their 52-week high NAVs (Net Asset Values). The market currently offers approximately 275 equity mutual fund schemes. For investors, this raises some questions: Is this decline a signal to sidesteps, or does it offer a unique buying opportunity?
Here are the 12 Equity Mutual Funds Facing a 30% Dip from Their 52-Week High NAVs:
1. JM Value Fund:
JM Value Fund is an equity mutual fund that aims to generate capital growth by investing primarily in a diversified portfolio of equities and equity-related securities. the JM Value Fund is down by 89% with a NAV of Rs 101.90, compared to its 52-week high NAV of Rs. 893.76.
2. HDFC ELSS Tax Saver:
HDFC ELSS Tax Saver Fund is an equity-linked savings scheme (ELSS) that allows investors to save on taxes while also aiming for capital growth through equity investments. This fund is down by 71% at a NAV of Rs. 1345 compared to its 52-week high NAV of Rs. 4681.
3. SBI Long-Term Equity Fund and SBI Contra Fund:
SBI Long Term Equity Fund is an open-ended equity mutual fund that aims to generate long-term capital appreciation by investing in a diversified portfolio of equity and equity-related instruments. These two funds are down by 70% and 63%, respectively, from their 52-week high NAV.
4. Franklin India Bluechip Fund and Tata Large Cap Fund:
Franklin India Bluechip Fund is an open-ended equity mutual fund that aims to provide long-term capital appreciation by investing in large-cap stocks of well-established companies. On the other hand, Tata Large Cap Fund is an open-ended equity mutual fund that aims to provide long-term capital growth by investing in large-cap stocks of companies and companies that can handle economic downturns. These funds are down by 62% and 58%, respectively, from their 52-week high NAV.
5. UTI Large & Mid Cap Fund:
UTI Large & Mid Cap Fund is an open-ended equity mutual fund that aims to provide long-term capital appreciation by investing in large-cap and mid-cap stocks. This allows investors to benefit from the stability of large-cap companies while also capitalizing on the growth potential of mid-cap firms. UTI Large & Mid Cap Fund is down 53% at a NAV of Rs 175.64 compared to its 52-week high NAV of Rs. 375.74.
6. Sundaram ELSS Tax Saver Fund and Taurus ELSS Tax Saver Fund:
Sundaram ELSS Tax Saver Fund and Taurus ELSS Tax Saver Fund both are tax-saving funds that invest in equity and offer tax benefits to investors under Section 80C of the Income Tax Act. These funds are down by 38% and 37%, respectively, compared to their 52-week high NAV.
7. HDFC Large and Mid Cap Fund:
HDFC Large and Mid Cap Fund is an open-ended equity mutual fund that aims to provide long-term capital growth by investing in a diversified portfolio of large and mid-cap stocks. It was launched on 18 February 1994. This fund seeks to balance the stability of large-cap companies with the growth potential of mid-cap firms. These funds are down by 31% at an NAV of Rs 329.68 compared to their 52-week high NAV of Rs. 479.50.
8. Taurus Large Cap Fund and SBI Large & Midcap Fund:
Taurus Large Cap Fund invests in large-cap companies; the objective of this fund is to provide long-term capital appreciation. The minimum investment required is Rs. 500, which is applicable for both lump sum and systematic investment plan (SIP) options.
SBI Large & Midcap Fund invests in large-cap and mid-cap companies; the objective of this fund is to provide long-term capital appreciation. The minimum investment required is Rs. 5,000 for lump sum investments and Rs. 1,000 for systematic investment plans (SIP).
These funds are down by 36% each from their respective 52-week high NAV.
