Equity Mutual Funds Delivered Negative Returns of Up to 7% Last Week

Equity mutual funds are similar to mutual funds, that collect money from investors to invest in securities like stocks, bonds, and short-term debt. Equity mutual funds are also known as stock funds. Equity mutual funds delivered a negative return of up to 7% last week, at the same time, Nifty 50 and BFE Sensex lost 0.78% and 0.75%. Here’s a breakdown of the schemes that lost more than 4.50% return in that period.

Some equity mutual fund schemes have shown negative returns of up to 7% this week:

Shriram Multi-Sector Rotation Fund

Shriram Multi-Sector Rotation Fund is an open-ended mutual fund that invests in equity and equity-related instruments in multiple sectors. The fund’s goal is to generate long-term capital growth through investing in trending sectors with great Return estimates. The Shriram Multi-Sector Rotation Fund experienced the largest loss of approx. 6.58% return in the week that ended on January 10.

HSBC Midcap Fund

HSBC Midcap Fund was an open-ended equity fund that invested in mid-cap stocks. It was previously known as the L&T Midcap Fund. After the two funds merged, the remaining fund was given a new name. HSBC Midcap Fund lost a 5.90% return in the last week.

Axis Greater China Equity FoF

The fund was launched on 10 February 2021. Axis Greater China Equity FoF is an equity mutual fund scheme that invests in companies in Hon Kong SAR, Taiwan, and the People’s Republic of China. Axis Greater China Equity FoF which is an international fund has lost a 5.03% return during the mentioned period.

Funds that lose 4.86% return

Mirae Asset Global Electric & Autonomous Vehicles ETFs FoF and Motilal Oswal Business Cycle Fund lost 4.86% return each at the same time.

HSBC Large & Mid Cap Fund

HSBC Large & Mid Cap Fund is an open-ended equity scheme that invests in large and mid-cap stocks. The main focus of this fund is to generate long-term capital appreciation via investments in these stocks. HSBC Large & Mid Cap Fund, a large & mid-cap fund, lost a 4.85% return in the above-mentioned period.

Motilal Oswal Manufacturing Fund

Motilal Oswal Manufacturing Fund is a mutual fund that invests in manufacturing companies to achieve long-term capital growth. It focuses on core sectors such as healthcare, chemicals, auto, and oil and gas. Motilal Oswal Manufacturing Fund, a thematic fund, lost a return of 4.84% last week.

Two from Edel MF

There are funds from Edel MF, Edelweiss Business Cycle Fund and Edelweiss US Technology Equity FOF lost 4.81% and 4.66% returns respectively during the same time.

Union Active Momentum Fund

Union Active Momentum Fund aims to generate long-term capital growth through investing in stocks with strong momentum. Union Active Momentum Fund offered a negative return of approx. 4.58% in the same period.

There are only 11 equity mutual funds that delivered positive returns ranging between 0.06% to 3.47% in the above-mentioned period.