These 8 equity mutual funds lost over 10% return in July. Do you own any in your portfolio?

Eight equity mutual funds lost over 10% return in July. There were nearly 610 funds in the said time period, of which 158 funds gave negative returns and these eight funds were international funds. Here is a detailed breakup (Source: ACE MF).

Nippon India Taiwan Equity Fund lost the most in July, delivering a negative return of 25.30% in the same period.

Invesco India - Invesco Global Consumer Trends FoF delivered a negative return of 19.39% in the said time period.

PGIM India Emerging Markets Equity FoF delivered a negative return of 17.67% in the said time period.

Edelweiss US Technology Equity FOF delivered a negative return of 15.43% in the said time period.

Mirae Asset Global Electric & Autonomous Vehicles Equity Passive FOF delivered a negative return of 14.10% in the said time period.

PGIM India Global Equity Opp FoF delivered a negative return of 12.43% in the said time period.

Mirae Asset Global X Artificial Intelligence & Technology ETF FoF and Kotak Global Emerging Market Overseas Equity Omni FOF delivered negative returns of 11.10% and 10.90% respectively in the said time period.

Jasmeet Singh, Executive Director, Anand Rathi Wealth Limited shared with ETMutualFunds that the recent decline in international mutual funds during July was largely driven by the correction in global technology and AI related stocks following a strong rally.
At this stage, the recent weakness does not indicate a structural shift in global markets, but rather reflects investors reassessing valuations after a sharp run up. In fact, such phases often lead global investors to rotate towards relatively better valued opportunities, and India's asset light IT services sector could be one of the beneficiaries.

The other 150 funds delivered negative returns ranging between 0.01% to 9.34% in July.