Nearly 500 equity mutual funds offer negative returns in October

Over 450 equity mutual funds have offered negative returns in October, data crunching by ETMutualFunds showed. There were around 518 equity mutual funds (including sectoral and thematic funds) in the said time period and around 490 funds posted negative returns. In other words, only 28 funds gave positive returns in October.

Around 10 equity mutual funds lost more than 10% in the said period. SBI Automotive Opportunities Fund lost the most at around 12.46% in October. Aditya Birla SL Transportation and Logistics Fund and UTI Transportation & Logistics Fund lost 12.27% and 11.73% respectively in the said period.



Quant PSU Fund posted a negative return of around 11.44% in the month of October. Three funds - HDFC Transportation and Logistics Fund, ICICI Pru Transportation and Logistics Fund, and Bandhan Transportation and Logistics Fund - lost 11%, 10.59%, and 10.15% respectively in the mentioned period.

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Quant BFSI Fund offered a negative return of 10.14% in the mentioned period. Mirae Asset Great Consumer Fund and Nippon India Consumption Fund posted negative returns of around 10.09% and 10.05% respectively in the month of October.

SBI Energy Opportunities Fund and Kotak Quant Fund gave a negative return of around 8.80% each in the said period.

Kotak Infra & Eco Reform Fund and Kotak Manufacture in India Fund lost around 7.67% and 7.60% respectively. Axis Focused Fund posted a negative return of around 6.73% in October.

Two large cap funds - Groww Largecap Fund and Bandhan Large Cap Fund - lost around 6.53% each in the same time period. HDFC Top 100 Fund lost around 6.35% in the same time period.

Two schemes from Kotak Mutual Fund - Kotak Flexicap Fund and Kotak ELSS Tax Saver Fund - posted a negative return of around 6.07% each in the said time period. Kotak Special Opportunities Fund gave a negative return of around 5.99% in October.

Axis Greater China Equity FoF, an international fund, gave a negative return of around 5.99% in the mentioned period. SBI Contra Fund, the oldest and the largest contra fund, gave a negative return of around 5.86% in October.

SBI BlueChip Fund, a prominent large cap fund, lost around 5.47% in the said period. The oldest ELSS fund, SBI Long Term Equity Fund, gave a negative return of around 5.37% in October.

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Parag Parikh Flexi Cap Fund and HDFC Defence Fund gave negative returns of around 3.06% and 3.05% respectively. ITI Pharma & Healthcare Fund and DSP Healthcare Fund gave the lowest negative return of 0.04% and 0.03% in October.

We considered all equity mutual fund categories including sectoral and thematic funds. We excluded equity oriented mutual funds. We considered regular and growth options. We calculated returns from October 1 to October 31.

Note, the above exercise is not a recommendation. The exercise was done to find how equity mutual funds performed in October. One should not make investment or redemption decisions based on the above exercise.

One should always consider risk appetite, investment horizon, and goals before making investment decisions.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

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