Equity mutual funds lose up to 9% in a week, international funds among biggest laggards

Equity mutual funds lost up to 9% last week, with international funds being the biggest laggards. The top six equity funds lost over 6.50%, and there were nearly 628 funds. Here is a detailed breakdown of top losers (Source: ACE MF)

Mirae Asset NYSE FANG+ETF FoF, an international fund, posted the largest loss, at around 9.06%.

Motilal Oswal Nasdaq 100 FOF, an international fund, delivered a negative return of 7.45% in the said time period.

Mirae Asset S&P 500 Top 50 ETF FoF and Mirae Asset Hang Seng TECH ETF FoF lost 7.29% and 6.93%, respectively, in the said time period.

Quant Value Fund, a value fund, gave a negative return of 6.52% in the mentioned time period.

DSP World Gold Mining Overseas Equity Omni FoF, an international fund, delivered a negative return of 6.51% in the said time period.